Nairobi News


Kenyan economy grew by 5.8% in 2016 – survey

Kenya’s economy grew by 5.8 per cent in 2016, a marginal increase from the 5.7 per cent posted in 2015, an economic survey has revealed.

The transport, ICT and tourism sectors were behind the slight growth while agriculture, banking and construction slowed down.

New Kenya National Bureau of Statistics (KNBS) data released by Devolution CS Mwangi Kiunjuri predicts that the economy in 2017 may face harder times due to the drought.

The economic survey also shows that the economy created some 832,900 jobs in 2016. Nine in 10 of the jobs were in the informal sector.

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