The government has stated that strategies to mitigate the effects of the war in Ukraine, along with investments in agriculture, energy, water, construction, mining, and transport sectors, spurred economic growth by 5.4 percent in 2024, up from 5.1 percent recorded in 2023.
This rate is slightly above the average of 4.4 percent forecasted in 2023 for member countries of the East African Community (EAC) and 3.8 percent for member countries of the Southern African Development Community (SADC).
The Minister of Planning and Investment, Prof Kitila Mkumbo, said in his National Economic Status Report for the year 2023, presented in Parliament in Dodoma on Thursday (June 13, 2024) morning, that the real GDP reached 148.4bn/- in 2023 from 141.2bn/- in 2022.
“This growth was driven by various efforts undertaken by the government, including strategies to counteract the effects of the Ukraine-Russia war and strategic investments in infrastructure for energy, water, health, education, and transportation,” he said.
Other contributing factors, according to the Minister of Planning, include increased mineral production, particularly gold and coal, and increased lending to the private sector, which stimulated economic activities.
However, the GDP growth rate of 5.1percent in 2023 fell short of the annual target of 5.2 percent.
According to Prof Mkumbo, this was due to rising production costs in some sectors; climate change affecting agricultural production in some parts of the country and damaging infrastructure, including bridges and roads.
Prof Mkumbo added that measures taken by developed countries to combat inflation, which led to increased borrowing costs from international financial markets, also affected production activities.
An analysis of Economic Growth Trends and Contributions to Growth in each Quarter between 2019 and 2023 shows that the economy grew by 6.9 percent in 2019, 4.5 percent in 2020, 4.8 percent in 2021, 4.7 percent in 2022, and 5.1 percent in 2023.
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The Minister explained that the agriculture sector had the largest contribution to GDP, accounting for 26.5 percent.
Other significant contributors included Construction (13.2 percent), Mining (9 percent), Trade and Repairs (8.3 percent), Transport (7.2 percent), and Manufacturing (7 percent).
According to Mkumbo, the Arts and Entertainment sector continued to lead in growth rate in 2023, expanding by 17.7 percent, followed by the Financial and Insurance sector at 12.2 percent, and Mining at 11.3 percent.
The Accommodation and Food Services sector grew by 8.3 percent, along with the Information and Communication sector, which grew by 7.6 percent.
Source: allafrica.com
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Africa: Rwanda Gets a Grip Of Marburg, But Mpox ‘Not Yet Under Control’
Monrovia — The Rwanda Minister of State responsible for Health, Dr. Yvan Butera, cautioned that while the country is beginning to see positive signals in its fight against the Marburg virus, the outbreak is “not yet over”. He, however, expressed hope that “we are headed in that direction”. The minister said the epidemiology trend, since the disease was first discovered in the country more than a month ago, is moving towards fewer cases.
Dr. Butera, who was giving updates during an online briefing yesterday, said in the past two weeks, only two deaths were recorded while 14 people recovered from the disease. He said Rwanda was expanding its testing capacity with 16,000 people already inoculated against the disease.
The priority right now, Butera said, is “rapid testing and detection”.
Marburg is a highly virulent disease transmitted through human-to-human contact or contact with an infected animal. The fatality rate of cases, which has varied over the period, is more than 50%, according to the World Health Organization. WHO said the highest number of new confirmed cases in Rwanda were reported in the first two weeks of the outbreak. There’s been a “sharp decline” in the last few weeks, with the country now tackling over 60 cases.
At Thursday’s briefing, a senior official of the Africa Centers for Disease Control, Dr. Ngashi Ngongo, said mpox – the other infectious disease outbreak that countries in the region are fighting – was been reported in 19 countries, with Mauritius being the latest country to confirm a case. He said although no new cases have been recorded in recent weeks in several countries where outbreaks occurred previously – including Cameroon, South Africa, Guinea, and Gabon – Uganda confirmed its first Mpox death. This, he said, is one of two fatalities reported outside Central Africa.
Dr. Ngashi revealed that there was an increase in cases in Liberia and Uganda. He said mpox cases were still on an upward trend.
“The situation is not yet under control.”
Source: allafrica.com
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