Businesses & Financial News

Kenya’s economy grew to 7.5 pc in 2021

Kenya’s economy rebounded to grow 7.5 percent in 2021 compared to a contraction of 0.3 percent a year earlier, according to this year’s economic survey released today.

Statistics office, Kenyan National Bureau of Statistics attributed the economic expansion to easing of Covid-19 restrictions which helped recovery in key sectors with exception of agriculture.

“All the economic activities registered positive growth other than agriculture. There has been sound macroeconomic management to support growth,” KNBS managing director Macdonald Obudho said “Our economy has picked and we are growing at that high rate. The world has grown by 5.9 percent [while] Kenya has grown by 7.5 percent.”


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