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East Africa Macroeconomic Outlook, Volume III

Resilience Through Tough Times

We are pleased to present Volume III of the East Africa Macroeconomic Publication, themed: Resilience through tough times.

This volume, published in September 2022, focuses on the economic rebound and sectoral resilience experienced across Kenya, Ethiopia, Tanzania, Uganda and Rwanda in 2021 and 2022.

The East Africa Macroeconomic Publication, Volume III is divided into three key sections as highlighted below:

This section gives a brief overview of global, Africa and East Africa’s macroeconomic overview. The global industries sub-section provides an outlook on the following industries:

  • Consumer
  • Energy resources and industrials
  • Life sciences and healthcare
  • Technology, media, and telecommunications
  • Financial services
  • Government and public services

In this section, we analyse the key sectors within the East African economies between 2019 and 2021 with the expected performance in 2022. We have analysed the agricultural, industry (manufacturing, construction, mining) and services sectors (tourism, financial services, real estate, and technology, media and telecommunication) in Kenya, Ethiopia, Tanzania, Uganda, and Rwanda – highlighting growth trends and the resilience of the sectors post COVID-19.

We provide a view of the M&A landscape including an overview of the global and African scene. The East African review includes challenges facing M&A in East Africa, the environmental, social, and governance (ESG) imperative, key trends in M&A, and Deloitte’s role as the transaction advisor.

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