How Kenya ought to sustain position as a key FDI hub

Kenya’s real Gross Domestic Product (GDP) is estimated to have contracted by 0.3 percent in 2020 compared to a growth of 5.0 percent in 2019 based on the Economic Survey, 2021. This was to a large extent attributable to the Covid-19 pandemic which swept across the world from March 2020.

The contraction was spread across all sectors of the economy, but certain sectors received a heavy blow due to changes in ways of working and various containment measures taken by the Government. Among the most affected sectors were hospitality, education and tourism.

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