CBK cuts 2023 growth forecast to 5.8pc on drought 

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Former Central Bank of Kenya Governor Patrick Njoroge on December 1, 2022. PHOTO | LUCY WANJIRU | NMG

The Central Bank of Kenya (CBK) has cut its 2023 economic growth projections for Kenya from 6.1 percent to 5.8 percent on prolonged drought effects, which had left the sector in recession last year.

The CBK says it had to revise its gross domestic product (GDP) growth forecast after the extended dry conditions in the opening quarter.

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