Kenya’s economy to grow at faster pace this year and next – central bank
Kenya Central Bank Governor Patrick Njoroge addresses a news conference at the Central Bank of Kenya (CBK) headquarters in Nairobi, Kenya July 25, 2019. REUTERS//File Photo
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NAIROBI, Nov 30 (Reuters) – Kenya’s economy is expected to rebound more strongly this year and next than initially thought, the head of the central bank said on Tuesday, buoyed by faster growth in sectors like transport and manufacturing.
The economy, which is East Africa’s biggest, is expected to grow by 6.4% in 2021 and 6.0% next year, Patrick Njoroge told a news conference. The forecasts are higher than the 6.1% growth for this year and 5.6% in 2022, given by the bank in September.
“Recovery has accelerated,” Njoroge said, cautioning that…
