Kenya’s economy to expand by 5.9% – Kippra report
Kenya’s economy is projected to expand at a rate of 5.9 per cent this year from 5.6 per cent in 2015, the Kenya Economic Report 2016 indicates. This projection puts the country’s growth above the 3.3 per cent average growth rate for sub-Saharan Africa as per the World Bank. The economic report by Kenya Institute of Public Policy Research and Analysis cites a stable macroeconomic environment, improved security environment and structural reforms that enhance the business environment as key drivers of the growth. Kippra projects a further 6.2 per cent growth next year. The slowdown in economic growth experienced in 2014 was reversed in 2015, states the report. Kippra executive director Dickson Khainga said the economy is on a positive growth path.