The Treasury Building in Nairobi. The Treasury estimates Kenya economic growth to have been 4.7 per cent last year, slightly lower than its earlier projection of 5.1 per cent. Photo/File
The Treasury estimates Kenya economic growth to have been 4.7 per cent last year, slightly lower than its earlier projection of 5.1 per cent.
Economic secretary Geoffrey Mwau said the growth is likely to improve this year to at least six per cent, having started the year well with rainfall.
Dr Mwau said the Treasury expects “a fairly manageable transition” to the next administration once the General Election is done next month.
The higher growth is premised on the inflows of foreign direct investment, rainfall, continued reforms in the use of public funds and macroeconomic stability.
The World Bank has also forecast a six per cent GDP growth for 2013 on the higher side, but stressed this could be cut to five per cent under less favourable conditions.
Dr Mwau spoke at a symposium called by the Institute of Certified Public Accountants of Kenya (ICPAK) to discuss devolution at Safari Park Hotel in Nairobi.
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