Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Kenya's economy grew 5.8 percent in 2016, misses forecast

April 19, 2017 9:45 AM
10 0

NAIROBI (Reuters) - Kenya's economy grew 5.8 percent last year, just above 5.7 percent growth the previous year but still short of forecasts, the statistics office said on Wednesday.

A recovery in tourism, boosted the number but other sectors, such as farming and the construction sector slowed down, the director general of the Kenya National Bureau of Statistics, Zachary Mwangi, said.

"The tourism sector had a remarkable recovery as it benefited from improved security," he said at the launch of the annual economic survey.

Visitor numbers rose to 1.34 million from 1.18 million the prior year, with earnings rising 17.8 percent, Mwangi said.


Share in social networks:

Comments - 0