RMB’s 2018 economic outlook for East Africa

East Africa has been Sub-Saharan Africa's beacon of growth in recent years with an average annual growth rate of 6 per cent. However, the region now faces unending political uncertainty in Kenya and Uganda, while Tanzania's recent pressure on mining companies is causing investors to rethink their plans in the country. Lisa Brown, Country Risk Analyst at Rand Merchant Bank, shared insights on the economic outlook for East Africa in 2018 during a TV interview on CNBC Africa. The conversation focused on the challenges investors are facing in the region amidst the ongoing political crises and debt sustainability concerns. Brown emphasized the need for East African governments to address the electioneering and political issues to accelerate economic growth and attract investments. She pointed out the impact of high debt levels on the region's economic resilience, highlighting the importance of debt sustainability in maintaining growth and development. Brown also discussed the potential implications of regulatory uncertainty in the oil and gas sector on investor confidence and project viability. As East Africa embarks on a new year, navigating these challenges will be crucial to sustaining its economic momentum and resilience in the face of uncertainty.