East African markets in the time for Coronavirus

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The economies of the East African region have for a long time recorded impressive growths among other African peers. They have been expanding at an average rate of 6.3 percent, with that of Rwanda expected to lead at eight percent from 7.8 percent. This growth, however, is facing one of its biggest challenges with the emergence of the Novel Coronavirus, scientifically referred to as COVID-19 as well as local challenges including political processes and the recent locust invasion. These effects are likely to cut down on any projected growth and gains made over the years. Kenya, the largest economy in the region, will most likely be hit hard with the halting of international flights and tourism. The bourse has already recorded a bear run, similar to other markets in the region. Burundi and Tanzania are preparing for elections, Kenya is seeking constitutional changes and Uganda is looking for ways to rejig its relations with Rwanda. Kenya: Exit desert locust, enter Novel Coronavirus The year 2020 has not started particularly well for Kenya. The devastation of desert locusts has been felt across the country with the government using massive resources to counter the marauding pests, sweeping anything on the way. This

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