by Chrispinus Omar

NAIROBI Cheap Alvaro Morata Jersey , April 13 (Xinhua) -- Economic growth in East Africa remains strong despite the adverse effects of severe drought across the region, said a report by an accountancy and finance body released on Thursday.

The latest report by the Institute of Chartered Accountants in England and Wales (ICAEW) said the economic is being proposed by infrastructure growth across the region.

"Infrastructure development continues to stimulate industry across the region, while expanding services to the largely un-serviced markets remains the key driver behind growth," said Michael Armstrong, Regional Director of ICAEW Middle East Cheap Achraf Hakimi Jersey , Africa and South Asia.

The report "Economic Insight: Africa Q1 2017" pointed out that authorities from various East African nations have attempted to mitigate the effects of the drought by stimulating economic activity through other channels such as substantial fiscal stimulus and loosened monetary policy.

According to the report, Tanzania is set to hit a real GDP growth of 6.9, followed by Uganda at 6.8, Ethiopia at 6.7, and Rwanda and Kenya at 6.6 and 6.4 despite the drought.

It said both Rwanda and Uganda have loosened monetary policy during the first quarter of the year Wholesale Real Madrid CF Jerseys , while Ethiopia counterweighed the drought effects through substantial fiscal stimulus -- the construction sector reportedly expanding by 25 percent during the 201516 fiscal year.

ICAEW said the adverse effects of the drought have been most notable in Uganda, with agriculture decreasing during the first three quarters of 2016.

It notes that poor crop production has also had a marked impact on food price inflation across the region.

"While not particularly intense in historic terms, inflationary pressures in recent months can almost entirely be attributed to high food prices, with non-food price inflation remaining subdued," the report said.

Agriculture in most East African nations is highly dependent on the weather Wholesale Real Madrid Jerseys , and adverse rainfall is directly reflected in both agricultural production and food prices.

The report, commissioned by ICAEW and produced by partner and forecaster Oxford Economics, focuses specifically on Kenya, Tanzania, Ethiopia Cheap Real Madrid CF Jerseys , Nigeria, Ghana, Cote d'Ivoire, South Africa and Angola.

Meanwhile, the report said Botswana and South Africa are still struggling to gain traction due to the slump in commodity prices as well as the drought. Real GDP growth of 1.2 percent is forecast for both these countries in 2017.

According to ICAEW Cheap Real Madrid Jerseys , South Africa's growth will be supported by widespread rains an improved outlook for consumer demand and a recovery in commodity prices, while Angola remains optimistic of improved oil production and the commencement of infrastructure projects.

Botswana on the other hand, is forecast to record growth of 4.1 percent due to demand in the international diamond market.

ICAEW said Senegal's strong growth in its primary and secondary sectors as well as the government's collaborative efforts to improve infrastructure, particularly in electricity supply, has tremendously stimulated the country's economic growth.

President Xi meets incoming HKSAR chief executive

Chinese premier holds talks with Sao Tome and Principe counterpart on cooperation

China Cheap Toni Kroos Jersey , Japan, ROK hold 12th round of free trade talks

Chinese company to build rail cars for LA Metro in U.S.

Aerial view of Medog highway in SW China's Tibet

Stewardesses for high-speed train take part in training program in Harbin

Scenery of Hani terraced fields in SW China's Yunnan

Aerial view of farmland scenery in SW China's Yunnan

Economic development and modernization came at a cost of destroying planet earth and its resources. Seriousness of the issues has been addressed by the UN as it declared 2005-2014 a decade dedicated in achieving self sustainability based on overall human development through economic growth, social development, and environmental protection.

The book, The Limits to Growth commissioned Cheap Theo Hernandez Jersey , by the Club of Rome warned mankind against repercussions of growing irresponsibly. There is a need to immediately curb our ecological footprint by limiting growth in terms of population, agriculture, industry and waste production or the world wouldn't be able to sustain itself for longer. It is the point beyond which growth becomes subjunctive.

Retracing ecological footprint and practicing a more responsible corporate performance for greater good or green initiatives must now become the primary focus in achieving a sustaining growth path for the future.

We are treading through a difficult time where there is a need to restore earth's balance while retaining growth for advancement of civilization. There are several communities which have already adopted more responsible growth path that is synchronized towards the laws of nature. Instead of depleting natural resources these communities are striving in recycling resources in order to achieve more sustainable growth model. We can draw inspiration from Apatani tribal community, a native of Arunachal Pradesh, India Cheap Sergio Ramos Jersey , which has combined paddy faming with fish cultivation to create a complete ecology that is self sustaining. It is surely heartening to know and gives us courage to shade our inhibitions and adopt more idealistic living style.

Ecologically sustainable building structure has given rise to the term 'arcology', which is a combination of architecture and ecology referring to building ideas and principals based on the theories of sustainability to promote environmentally conscious living a part of green initiatives.
In order to achieve stability there are requirements for building generation of socially and environmentally responsible citizens and we as a corporate can make significant contributions towards . Cheap Jerseys Online Cheap MLB Jerseys Cheap Replica Jerseys Cheap Custom NHL Jerseys Cheap Authentic NFL Jerseys Cheap College Baseball Jerseys Custom MLB Jerseys From China Cheap Authentic NFL Jerseys Custom NFL Jerseys Cheap Custom Soccer Jerseys From China