Kenya has failed to secure a position among the top 20 fastest-growing economies in the Africa Outlook 2024 ranking conducted by Economic Intelligence (EIU).
Despite a projected Gross Domestic Product (GDP) growth of 5.3%, Kenya did not make the cut, while neighboring East African countries such as Tanzania and Uganda were included in the list.
In the list of featured countries within the region, Rwanda, the Democratic Republic of Congo, and Ethiopia were also included.
Other countries that got featured into the list of top 20 fastest-growing economies globally include Senegal, Mauritania, Libya, Ivory Coast, Benin, Mozambique, and Togo
Kenya was however highlighted as one of the countries poised to play a pivotal role in the context of the continent’s transformation.
“East Africa, comprising Ethiopia, Kenya, Uganda, Rwanda, Tanzania, and the DRC, is anticipated to emerge as the most dynamic region in Africa with regard to economic growth,” the statement read in part.
