Contents
- Executive Summary
- Ethiopia
- Kenya
- Rwanda
- Uganda
- Quarterly & annual data tables
Executive summary
- East African markets continued to post robust economic performances in October, with growth maintaining an upward momentum averaging above 5% across the region. Rwanda and Uganda were the standout performers, expanding by 7.8% and 5.5% year-on-year, respectively, in the second quarter of 2025, supported by strong activity in tourism, services, agriculture, and key mineral exports. Uganda’s plans to commence commercial oil production are expected to lift near-term output growth further above 5%, positioning both Uganda and the wider East African region as increasingly attractive investment destinations.
- Growth momentum has been reinforced by a relatively favourable inflation and interest rate environment. Uganda and Rwanda experienced notable slowdowns in price pressures in September, largely due to moderating food and stable fuel costs, which have supported a gradual recovery in consumer demand. Ethiopia’s inflation rate also eased to 13.2%, marking the fourth
