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EAC Partner States have begun the 2021/2022 financial year with a focus on economic recovery through industrialization and inclusive growth.

This comes at a time when the coronavirus pandemic has had adverse effects on economies across the region and worldwide.

Data by Deloitte indicates that the outbreak led to disruption in the various sectors, most notably the financial industry and the tourism and hospitality sectors.

Additional data by UNECA adds that the effect of the pandemic on growth in Eastern Africa has been heterogeneous. The organization added that the impact has been more severe for countries dependent on tourism.

Kenya’s Principal Secretary for EAC, Dr. Kevit Desai, said that the region was putting in place strategies to ensure economic recovery in all Partner States from the destructive effects of the COVID-19 pandemic.

“As a region, we have witnessed the devastation created within the economies of the Partner States, including the …