Businesses & Financial News

Kenya’s economic growth cools in the first quarter

 1,110 total views,  2 views today

Kenya’s economic growth slowed to 4.9% in the first quarter of this year from 5.5% a year earlier, hit by the uncertainty created by coronavirus pandemic.

Latest figures by Kenya Bureau of Statistics (KBS), the first-quarter growth was supported by expansion in the farming, transport, financial services, construction and trade sectors, according to the bureau of statistics.

It was however curbed by a steep decline in the tourism sector, after the first case of the virus was confirmed in Kenya in mid-March and lockdown measures were instituted to slow its spread

Leave A Reply

Your email address will not be published.

Social Media Auto Publish Powered By :