[1] The World Bank in Kenya. Kenya Overview: Development news, research, data | World Bank [2] World Bank. Infrastructure for Economic Growth and Shared Prosperity in Kenya: Addressing Infrastructure Constraints, Promoting Economic Growth, and Reducing Inequality (worldbank.org) [3] OECD. Africa...
Kenya's economic growth has been accompanied by a steady rise in electricity demand, making the exploration of greener and cheaper power sources a necessity. In Nakuru, the Sosian Menengai 35 MW Menengai Geothermal Power Plant, constructed by Chinese firm Kaishan Group, started electricity supply ...
b With GDP growth at 4.8% in 2022, economic performance softened after the strong rebound from the Covid-19 crisis at 7.5% in 2021. GDP growth over the medium term is expected to remain at around 5%, broadly in line with the pre-pandemic trend and Kenya's estimated potential GDP growth...
In line with the outcomes of the Forum on China-Africa Cooperation summit held in Beijing this year, the Chinese business community in Kenya has expressed its commitment to participate in the economic development of the East African country through infra
The Washington-based agency said it forecast Kenya’s economic growth at around 5 percent this year, from an estimated 5.1 percent in 2023. “Kenya’s growth remained resilient in the face of increasing external and domestic challenges,” said Antoinette Sayeh, IMF deputy managing director and ac...
Given China's rapid economic growth over the years, Kenya is hopeful of advancing cooperation within the framework of a new initiative proposed by China — the Global Development Initiative, he said. During the 76th session of the UN General Assembly in 2021, Chinese President Xi Jinping propose...
NAIROBI, Jan. 11 (Xinhua) -- Kenya's economic damage caused by COVID-19 will result in a downturn by 2023 that leaves the gross domestic product (GDP) to about 9 percent below the pre-crisis forecast, says a joint report released by economic think tanks Tuesday. ...
This was an increase to the corresponding quarter of 2023, as the value added by the industry to the Gross Domestic Product (GDP) grew by 1.5 percent. In general, the growth rate of the manufacturing sector in Kenya fluctuated strongly, reaching its lowest value in the second quarter of ...
Kenya’s services industry remains a key driver of economic growth, withexportsreachingUSD 13.85 billion in 2022 (up 17.22%)andimportsrising toUSD 11.82 billion (up 21.8%). Tourism, transport, finance, and insurance are leading this remarkable progress. ...
In its fourth edition, the Corporate Social Responsibility (CSR) report compiled by the Kenya China Economic and Trade Association (KCETA) covering 2022-2023, said that these companies have rallied behind Kenya's long-term growth and transformation agenda. ...