Women picking tea on a farm in Nyeri. Kenya relies heavily on exports of
tea and coffee, as well horticultural produce, such as cut flowers.
PHOTO | FILE
By Reuters
In Summary
Kenya's economy grew by 5.6 per cent last year, slightly
faster than the 5.3 per cent growth recorded in 2014, helped by swifter
expansion in agriculture, construction and real estate sectors, the
statistics office said on Tuesday.
Agriculture, which contributes nearly a quarter of Kenya's
economic output, grew 5.6 per cent in 2015 from 3.5 per cent the
previous year, Zachary Mwangi, the director general of the Kenya
National Bureau of Statistics, told a news briefing.
"This was partly influenced by abundant rainfall characterised by the el Nino weather phenomenon," he said.
Kenya relies heavily on exports of tea and coffee, as well horticultural produce, such as cut flowers.
Several other economic sectors also expanded except tourism,
which continued to bear the brunt of worries about security after a
spate of attacks in the past two years or more by Islamist militants,
Mwangi said.
Tourism earnings for 2015 were down by 3 per cent to $837.6
million (Ksh84.6 billion) as international visitor arrivals dropped 12
per cent to 1.35 million.
The manufacturing sector jumped 3.5 per cent raising its share of GDP to 10.3 per cent driven by lower energy prices.
In the East Africa, Tanzania's economy soared with a 6.9 per
cent growth, followed by Rwanda at 6.5 per cent. Uganda recorded a GDP
growth of 5.2 per cent while Burundi's economy contracted 7.2 per cent
bogged down by political crisis that has seen more than 400 killed and
270,000 fleeing the country.
Additional reporting by Neville Otuki
No comments :
Post a Comment