Kenya’s economy is seen performing better than most of its peers in Africa this year despite negative effects of drought, squeeze on private sector credit due to caps on interest rates and prolonged political uncertainty, a survey by showed.
Barcelona-based FocusEconomics said a review of forecasts by leading global banks, think-tanks and consultancies showed Kenya’s economic performance would be the fifth best among major economies in sub-Sahara Africa despite the challenges that have seen the country’s growth outlook downgrade for the eighth straight month to 4.8 per cent.
