World’s leading banks, consultancies and think-tanks have upgraded Kenya’s growth prospects for this year, citing a return to political stability and increased agricultural output due to improved rains.
A consensus growth outlook for May from 12 global firms’ shows the country’s economy is likely to expand by 5.5 per cent, 0.2 percentage points higher than last month’s projection. This is on the back of March 9 truce between President Kenyatta and Opposition chief Raila Odinga, popularly known as the “Hand Shake”, which has lifted investment sentiment.
