Kenya lays foundation for strong growth in a challenging Industrial environment

Posted on :Wednesday , 21st October 2015

Kenya’s economy is expected to grow at 5.4 percent in 2015, recording an improvement over the 2014 growth rate of 5.3 percent, says a new World Bank Group economic report released today. The growth rate in 2016 is projected to be 5.7 percent.

The Kenya Economic Update (KEU) attributes the growth to government investment in infrastructure and strong consumer demand.

“Kenya has the potential to become one of the best performing economies in Sub Sahara Africa and also among middle income countries,” says Diarietou Gaye, the Bank’s Country Director for Kenya. “Managing the challenges emerging from the current global economic environment will enable the government to deliver on the promise of a more prosperous future for Kenyans.”

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