State of Kenya Economy
On Thursday 9th November 2017 the Cabinet Secretary for National Treasury, Mr. Henry Rotich briefed journalists on the status of Kenya’s economy.
In his address, Rotich expressed optimism on Kenya’s economic growth despite the current challenges.
“Government has revised the economic growth rate to 5.1% for 2017 owing to the drought experienced at the beginning of the year, and the prolonged electioneering we have had in the country.” Said CS Henry Rotich.
The Cabinet Secretary was very optimistic that in the coming financial year the economy will bounce-back to the growth path. He projected that the economy will grow by between 6% and 7%. He was basing his projections on the expected improved agricultural output.
In Kenya agriculture contributes 25% of Kenya’s GDP. This is a common feature of developing countries.
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