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Kenya Central Bank Raises Growth Estimate on Agriculture Boost
Kenya Central Bank Raises Growth Estimate on Agriculture Boost
04 Jul 2018, 08:03 PM IST
(Bloomberg) -- Kenya’s central bank raised its economic-growth projection for this year as improved weather boosts crop production and a new government development program kicks into gear.
The economy may expand 6.3 percent this year, Governor Patrick Njoroge said at a conference Wednesday in the capital, Nairobi. The bank’s earlier projection was 6.2 percent.
East Africa’s biggest economy grew 4.9 percent last year.
To contact the reporter on this story: Adelaide Changole in Nairobi at achangole2@bloomberg.net
To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net
©2018 Bloomberg L.P.
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