The report provides an overview of the macroeconomic and social developments in Eastern Africa, highlighting the region's resilience amidst global economic challenges. It discusses the impact of high debt levels, inflation, and currency fluctuations on the region's economies. The report also examines trade performance, firm growth, and progress towards the Sustainable Development Goals (SDGs). Key sectors such as agriculture, services, and manufacturing are analyzed, along with the role of large firms in driving economic growth. The document emphasizes the need for fiscal consolidation, debt management, and enhanced regional integration through initiatives like the African Continental Free Trade Area (AfCFTA).

Africa stands at a critical juncture in its development, with immense potential driven by a youthful population, rich natural resources, and expanding consumer markets. However, while economic growth has rebounded post-pandemic, it remains below pre-pandemic levels, limiting progress toward the Sustainable Development Goals (SDGs). The African Continental Free Trade Area (AfCFTA), launched in 2021, presents a transformative opportunity to accelerate trade-led integration and drive inclusive, sustainable development.

This research report investigates the relationship between cybersecurity and development in the context of the Fourth Industrial Revolution, characterized by the Internet of Things and technological innovations. Analyzing data from 40 African countries, the study reveals a strong correlation between cybersecurity maturity and economic growth, with a 10% increase in cybersecurity leading to significant GDP per capita gains. The findings underscore the critical role of cybersecurity in fostering trust, enhancing internet penetration, and driving sustainable development across various regions, including Africa, Latin America, and Asia.