@CapitalFMNews

World Bank revises Kenya’s 2017 economic growth to 4.9pc

10 days ago, 09:49

By: Ken Macharia

n its Economic Update on Kenya, the World Bank attributes the downward revision to drought that affected agricultural output and hydropower generation, a prolonged electioneering period and a slowdown of credit to the private sector.

The slump in economic activity in 2017 has however been mitigated by a resurgent of the tourism sector, strong public investment and relatively low oil prices.

Senior Economist at the Bank, Allen Dennis, sees the easing of the headwinds that have characterized 2017 should lead to a rebound in the mid-term.

Read More


Category: business

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@CapitalFMNews

World Bank revises Kenya’s 2017 economic growth to 4.9pc

10 days ago, 09:49

By: Ken Macharia
n its Economic Update on Kenya, the World Bank attributes the downward revision to drought that affected agricultural output and hydropower generation, a prolonged electioneering period and a slowdown of credit to the private sector.

The slump in economic activity in 2017 has however been mitigated by a resurgent of the tourism sector, strong public investment and relatively low oil prices.

Senior Economist at the Bank, Allen Dennis, sees the easing of the headwinds that have characterized 2017 should lead to a rebound in the mid-term.

Read More

Category: business

Suggested

6 hours ago, 00:22
@StandardMedia - By: Graham Kajilwa
Why Bamburi cement put off mega plans for alternative solar energy

Bamburi Cement has suspended plans to switch to solar power because of the high cost of the project.

Category: business news
6 hours ago, 00:22
@StandardMedia - By: Lee Mwiti
Uchumi Supermarkets announces closure Karatina branch

Hardly a week after receiving Sh700 million from the Government to restock its shelves, ailing retailer Uchumi has announced the closure of yet another branch.

Category: business news
6 hours ago, 00:22
@StandardMedia - By: Lee Mwiti
KCB Foundation in youth empowerment programme

KCB Foundation and the German Agency for International Co-operation (GIZ) have increased support for employment programmes for the youth.

Category: business news
13 hours ago, 17:28
@BusinessDaily - By: Wanjohi Githae
Inside the Sh7bn turnaround plan for Uchumi supermarket

He is seasoned in financial accounting, ICT, operations, HR, and commercial/marketing operations.

Category: business news
13 hours ago, 17:28
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Why it’s too early to write off coffee as a top income earner

Kangocho Coffee Factory, paid members Sh100.40.

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16 hours ago, 14:43
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Westgate Mall, British Airways announce Sh800,000 Christmas promotion

peaking while officially finalizing the deal with Westgate Shopping Mall, British Airways Commercial Manager for Kenya, Kevin Leung said the Christmas promotion would provide great value for the Mall’ ...

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