The Kenya National Bureau of Statistics reports that Uganda grew faster than Kenya during 2024. Uganda reached 5.7% growth compared to Kenya's 4.7%. Only Rwanda, at 7.0%, and Tanzania, at 6.1%, performed better in East Africa. Burundi came close with 6.0% growth, while South Sudan lagged behind at 4.2%. These numbers show that East Africa remains a strong economic region despite global problems.
Kenya saw slower growth because of problems in construction and manufacturing. The country kept high interest rates at around 11.3% throughout the year. Uganda remained important for Kenya as its top African export market. Kenyan businesses sold goods worth 125.9 billion shillings to Uganda, almost double what they sold to Tanzania. The East African Community averaged 5.4% growth overall.
Uganda benefited from the recovery in services after COVID-19 ended. The country also saw gains from infrastructure projects and energy investments. Agricultural production improved alongside manufacturing output. New oil developments helped boost economic activity. Trade across borders increased as the region continued working together.
Kenya saw slower growth because of problems in construction and manufacturing. The country kept high interest rates at around 11.3% throughout the year. Uganda remained important for Kenya as its top African export market. Kenyan businesses sold goods worth 125.9 billion shillings to Uganda, almost double what they sold to Tanzania. The East African Community averaged 5.4% growth overall.
Uganda benefited from the recovery in services after COVID-19 ended. The country also saw gains from infrastructure projects and energy investments. Agricultural production improved alongside manufacturing output. New oil developments helped boost economic activity. Trade across borders increased as the region continued working together.
