Saturday, Sep 19, 2020
HomeEconomyKenya’s economy grew by 5.4% in 2019 compared to 6.3% in 2018

Kenya’s economy grew by 5.4% in 2019 compared to 6.3% in 2018

Ukur Yatani

Kenya’s economy grew 5.4 percent in 2019 from 6.3 percent in 2018 due to a slowing performance of the Agriculture sector.

Unveiling the Economic Survey 2020 report, National Treasury Cabinet Secretary, Ukur Yatani said the growth was partly dragged down by unfavorable weather conditions starting with drought early in the year followed by excess rain, which reduced agricultural production.

Agriculture grew by 3.6 percent in 2019 compared to 6.0 percent in 2018 as extreme weather conditions, first drought and then excess rain, hit agriculture in the country.

Yatani said that manufacturing also declined, growing by 3.2 percent in 2019 against 4.3 percent the previous year. The construction sector grew by 6.4 percent, down from 6.9 percent in 2018.

The telecoms sector grew by 8.8 percent in 2019, down from 11.3 percent in 2018.

Interior Ministry: V
Safaricom’s revenu

Digital Desk, Metropol TV

Rate This Article: