La The East African Community (EAC) announced on Saturday, March 18, that the governors of the central banks of its member states indicated the previous day that the economic situation in the region in 2022 remained solid, registering GDP growth of 4.5%.

The CAE press release indicates that the governors announced that the region's results had been supported by strong growth in the industry and services sectors following the relaxation of restrictions related to the COVID-19 and global supply chain constraints, and through continued public investments. For the 26th ordinary meeting of the EAC Monetary Affairs Committee, the Governors of Tanzania, Burundi, Kenya, South Sudan and Rwanda, as well as the representatives of Uganda and the Democratic Republic of Congo met in Bujumbura, Burundi.