@BusinessDaily

Kenya’s economic fortunes tied to political settlement

10 days ago, 21:01

By: Kevin Mwanza

A peaceful settlement of Kenya’s political impasse will determine the country’s economic fortunes in the near and medium terms, the World Bank said on Thursday.

The bank announced this as it downgraded its 2017 growth forecast to below five percent.

A slowdown in credit growth coupled with a prolonged political season that saw the country go to its first ever repeat presidential election hurt activity in key sectors such as agriculture, manufacturing and trade – and forcing the Treasury to downgrade its growth forecast to 5.1 per cent from 5.9 per cent previously.

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Category: business news corporate lifestyle economy opinion markets

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@BusinessDaily

Kenya’s economic fortunes tied to political settlement

10 days ago, 21:01

By: Kevin Mwanza
A peaceful settlement of Kenya’s political impasse will determine the country’s economic fortunes in the near and medium terms, the World Bank said on Thursday.

The bank announced this as it downgraded its 2017 growth forecast to below five percent.

A slowdown in credit growth coupled with a prolonged political season that saw the country go to its first ever repeat presidential election hurt activity in key sectors such as agriculture, manufacturing and trade – and forcing the Treasury to downgrade its growth forecast to 5.1 per cent from 5.9 per cent previously.

Read More

Category: business news corporate lifestyle economy opinion markets

Suggested

5 hours ago, 11:12
@DailyNation - By: Abiud Ochieng
Court orders Kenya Airways to reinstate sacked engineers

Labour Court Judge Hellen Wasilwa has directed Kenya Airways #ticker:KQ to immediately reinstate sacked engineers and technicians pending hearing and determination of the case.

Category: topnews news business
6 hours ago, 10:35
@StandardMedia - By: Harold Odhiambo
Kenya’s smart licence to have driver's information, history

The transport authority will as from next month roll out the much anticipated smart driving licences.

Category: topnews news business
19 hours ago, 21:14
@BusinessDaily - By: Muthoki Mumo
Carrefour seeks protection from rivals in two malls

Nakumatt, the largest local retail chain, has been going through a financial upheaval in recent months which has led to the closure of a number of stores in Kenya, Uganda, and Tanzania.

Category: business news corporate topnews
7 hours ago, 08:43
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“If this honourable court does not intervene, there is a real risk and likehood that the suit property shall be wasted and irreparably damaged and the dignity, honour and authority of this honourable ...

Category: topnews news business
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