Kenya economy grew 5.9 per cent in Q1 boosted by tourism


MK254

MK254

JF-Expert Member
Joined
May 11, 2013
Messages
12,003
Likes
9,998
Points
280
MK254

MK254

JF-Expert Member
Joined May 11, 2013
12,003 9,998 280
688205.jpg?itok=EK9eHa2n


Tourists sample the wildebeest migration at Masai Mara game reserve Photo/File

Kenya's economy grew at a faster pace in the first quarter of this year compared to 2014, boosted by the tourism industry's recovery.

The first quarter Gross Domestic Report shows the economy grew by 5.9 per cent compared to five per cent in a corresponding period last year.

The report was published by the Kenya National Bureau of Statistics on Thursday.

"The most notable improvement was a rebound in activities of accommodation and food services which expanded by 12.1 per cent in the period under review compared to a contraction of 11.4 per cent during the same quarter in 2015," states the report.

But the manufacturing industry failed to leverage on the cheaper oil prices to accelerate its growth. It posted a slower growth pace of 3.6 per cent compared to 4.1 per cent previously.

The transport sub-sector rode on the lower oil prices to expand at a faster pace of 8.4 per cent compared to 6.7 per cent last year. Agriculture grew by 4.8 per cent compared to 2.9 per cent in Q1 2015.

Construction, which had posted an impressive growth of 12.6 per cent last year, slowed down to post a growth of 9.9 per cent.

"The information and communication sector expanded by 9.7 per cent in the first quarter compared to 8.6 per cent growth in the same quarter of 2015," states the report.

"The sustained growth in this sector has been on account of strong performance in mobile telephony. During the quarter under review, total mobile traffic increased by 16.9 per cent to stand at 10.2 billion minutes."
Kenya economy grew 5.9 per cent in Q1 boosted by tourism
 
D

Depay

JF-Expert Member
Joined
Jun 22, 2015
Messages
4,552
Likes
2,605
Points
280
D

Depay

JF-Expert Member
Joined Jun 22, 2015
4,552 2,605 280
A giant Economy growing at 5.9 upwards is incredible.
 
Livale

Livale

JF-Expert Member
Joined
Jun 12, 2016
Messages
735
Likes
569
Points
180
Livale

Livale

JF-Expert Member
Joined Jun 12, 2016
735 569 180
Not bad considering the fact that there are several internal and external shocks facing the economy, some of which are avoidable but some of which we can only brace ourselves. But truly, most african countries need growth of the upwards of 10% to really make good strides towards an advanced economy.
 
simplemind

simplemind

JF-Expert Member
Joined
Apr 10, 2009
Messages
12,924
Likes
3,510
Points
280
simplemind

simplemind

JF-Expert Member
Joined Apr 10, 2009
12,924 3,510 280
MK254 watu mitaani wanalalamika fedha hamna. Bytheway Eldi kumechangamka tangu Jana Olympic trials. Great atmosphere kipchoge keino stadium as packed stadium cheered on the athletes.
 
MK254

MK254

JF-Expert Member
Joined
May 11, 2013
Messages
12,003
Likes
9,998
Points
280
MK254

MK254

JF-Expert Member
Joined May 11, 2013
12,003 9,998 280
MK254 watu mitaani wanalalamika fedha hamna. Bytheway Eldi kumechangamka tangu Jana Olympic trials. Great atmosphere kipchoge keino stadium as packed stadium cheered on the athletes.
Kwani upo Eldi my hometown, basi achia mapicha haswa ya hao wakimbiaji.
Ukuaji wa uchumi ni jambo moja, lakini ndio ifikie watu wapate afueni kitaa huwa inachukua muda sana. Bongo tunaambiwa mnapiga kwenye 7.4% lakini kila uchao mnalia sana. Sukari ndio hiyoooo 4,000 Tshs

Halafu naskia makato kwenye benki yameongezeka hadi watu wamefanya maamuzi ya kuficha hela kwenye magodoro. Pia makato ya miamala ya simu inabidi mpokezane hela kabisa kwa mikono maana Magu amefuata hadi huko kwa Mpesa. Te te te!
 
simplemind

simplemind

JF-Expert Member
Joined
Apr 10, 2009
Messages
12,924
Likes
3,510
Points
280
simplemind

simplemind

JF-Expert Member
Joined Apr 10, 2009
12,924 3,510 280
Kwani upo Eldi my hometown, basi achia mapicha haswa ya hao wakimbiaji.
Ukuaji wa uchumi ni jambo moja, lakini ndio ifikie watu wapate afueni kitaa huwa inachukua muda sana. Bongo tunaambiwa mnapiga kwenye 7.4% lakini kila uchao mnalia sana. Sukari ndio hiyoooo 4,000 Tshs

Halafu naskia makato kwenye benki yameongezeka hadi watu wamefanya maamuzi ya kuficha hela kwenye magodoro. Pia makato ya miamala ya simu inabidi mpokezane hela kabisa kwa mikono maana Magu amefuata hadi huko kwa Mpesa. Te te te!
Home away from home. chepkoilel campus ( now Eldoret university )and along sergoit rd to Iten athletes training daily. Ezekial Kemboi rather friendly character mtaani. Yesterday he effortlesly sailed through steeplechase trials. At 35 will he bag his 3 rd olympic gold.
 
MK254

MK254

JF-Expert Member
Joined
May 11, 2013
Messages
12,003
Likes
9,998
Points
280
MK254

MK254

JF-Expert Member
Joined May 11, 2013
12,003 9,998 280
Home away from home. chepkoilel campus ( now Eldoret university )and along sergoit rd to Iten athletes training daily. Ezekial Kemboi rather friendly character mtaani. Yesterday he effortlesly sailed through steeplechase trials. At 35 will he bag his 3 rd olympic gold.
Halafu is well known at throwing parties in that town.
 

Forum statistics

Threads 1,237,558
Members 475,562
Posts 29,293,381