Kenyan economy to overtake Angola as Ethiopia widens lead

NairobiSkyline

A section of Nairobi. FILE PHOTO | NMG

The International Monetary Fund (IMF) has projected that the size of Kenya’s economy will overtake that of Angola this year even as Ethiopia stretches its lead.

In its latest World Economic Outlook, the IMF says gross domestic product (GDP) of Angola, an oil producer, will shrink during the period allowing Kenya, whose economy is expected to grow by 5.3 percent, to overtake it, and perch itself at the fourth spot behind Ethiopia.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.