Kenya’s econ­omy to ex­pand by 5.9% – Kip­pra re­port

The Star (Kenya) - - News -

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.

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