• Economy
  • Industry
    • Industry
    • Banking
    • Agriculture
    • Energy
    • Telecoms
    • Real Estate
    • Insurance
    • Manufacturing
    • Education
    • Transportation
    • Technology
    • Media
    • Textile
    • Tourism
  • Markets
  • SME Focus
  • Financial Crime
  • World
    • World
    • United States
    • Asia
    • China
    • Europe
    • Britain
    • South America
  • News
  • Opinion
May 26, 2022

  • Economy
  • Industry
      • Banking
      • Agriculture
      • Energy
      • Telecoms
      • Real Estate
      • Insurance
      • Manufacturing
      • Education
      • Transportation
      • Technology
      • Media
      • Textile
      • Tourism
    • Markets
    • SME Focus
    • Financial Crime
    • World
      • United States
      • Asia
      • China
      • Europe
      • Britain
      • South America
    • News
    • Opinion

    HomeEconomyKenya’s economic growth slowed to 5.4% in 2019

    Kenya’s economic growth slowed to 5.4% in 2019

    • April 28, 2020
    • 0 comments
    • Demola
    • Posted in EconomyNews

    Kenya’s economy grew by 5.4% in 2019, down from 6.3% the previous year, partly because of a slowdown in the agricultural, manufacturing and construction sectors, finance minister Ukur Yatani said on Tuesday.

    Agriculture grew by 3.6% in 2019, compared with 6% in 2018, hit by drought and then excess rain in the East African nation, Yatani told reporters.

    The finance minister said that manufacturing also declined, growing by 3.2% in 2019 against 4.3% the previous year. The construction sector grew by 6.4%, down from 6.9% in 2018.

    Kenya’s diversified economy is not dependent on a single commodity or sector and has achieved rapid growth over the past few years, but critics have argued that it has struggled to lift many citizens out of poverty.

    The telecoms sector grew by 8.8% in 2019, down from 11.3% in 2018, Yatani added.

    Source: Reuters

    Share this:

    • Tweet
    • WhatsApp
    • Telegram
    • Email
    • Print
    • More
    • Pocket
    • Share on Tumblr

    Comments

    comments

    Related Posts

    0 comments
    News

    Kenyans arrested for giving fake COVID-19 jabs

    0 comments
    News

    Eight killed after crane collapses in Nairobi, Kenya

    0 comments
    News

    Kenya takes delivery of new batch of COVID-19 vaccines from US

    Nigeria to begin ‘phased and gradual’ easing of lockdowns in Lagos, Abuja

    • April 28, 2020
    • 0 comments

    UK government wants Premier League back “as soon as possible”

    • April 28, 2020
    • 0 comments

    Share this

    About author

    Demola

    Related Posts

    0 comments
    News

    Kenyans arrested for giving fake COVID-19 jabs

    0 comments
    News

    Eight killed after crane collapses in Nairobi, Kenya

    0 comments
    News

    Kenya takes delivery of new batch of COVID-19 vaccines from US

    0 comments
    News

    Kenyan government evacuates stranded citizens from Afghanistan

    Tags

    • Kenya

    Leave a Reply Cancel reply

    © 2017 Business Africa
    • About Us
    • Ad Rates
    • Contact
     Tweet
     Share
     E-mail
     Tweet
     Share
     E-mail
     Tweet
     Share
     E-mail
    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.