KENYA’S ECONOMY EXPANDED 5.6 PCT IN 2015

NAIROBI, — The Kenyan economy grew by 5.6 per cent in 2015, driven mainly by agriculture which performed well because of the good rainfall received during the year, according to the Kenya National Bureau of Statistics.

The growth is higher than the 5.3 per cent registered in 2014 as agricultural output rose 5.6 per cent in 2015 from 3.5 per cent the previous year, Zachary Mwangi, the bureau’s director-general told a media briefing here Tuesday.

Most economic sectors expanded except for tourism, which continued to feel the adverse impact of travel advisories issued by key source markets amidst worries about security issues.

Tourist arrivals dropped 12.6 per cent to 1.35 million during the year while earnings from tourism edged down 2.9 per cent to 84.6 billion shillings (about 837 million US dollars).

Agriculture contributes nearly a quarter of Kenya’s economic output and the country depends heavily on exports of tea and coffee, as well horticultural produce, such as cut flowers.

SOURCE: NAM NEWS NETWORK