Oya mpoo!!! Kenya's GDP growth hit 6.3pc in 2018

[MK254]

Kenya's economy grew by 6.3 percent in 2018, helped by an impressive growth in agriculture, manufacturing and transport sectors.
This was an rebound from the 4.7 percent growth in 2017, the slowest growth in five years -- amid effects of an adverse weather and political jitters in the election year.
The agriculture sector grew by 6.6 percent, the highest in five years, data from the Economic Survey 2019 released on Thursday shows.
Agriculture accounts for close to a third of Kenya’s annual economic output.
Transport and storage services sector also grew to a five-year high of 8.8 percent.
Manufacturing sector grew at a faster rate of 4.2 percent in 2018, compared with 0.5 percent in 2017.

Slower pace
However, the construction sector grew at a slower pace of 6.6 percent compared with 8.5 percent in 2017.
The economic survey data shows that the country's financial sector grew at 5.6 percent in 2018 compared with 2.8 percent the previous year.
Fastest growing
Kenya, East Africa’s richest economy, is one of the fastest growing areas on the continent but its performance is often hit by drought.
Violence after a December 2007 presidential election and disputes over the following two polls led some investors to scale back investment, hurting growth.
Missed revenue targets, rising public debt and uncontrolled expenditure have also emerged as concerns for investors in recent years.
The World Bank trimmed its 2019 economic growth forecast for Kenya to 5.7 percent from an earlier forecast of 5.8 percent due to a delayed onset of the main rain season.
The government expects the economy to grow by 6.3 percent in 2019, President Uhuru Kenyatta said earlier this month.


https://www.businessdailyafrica.com...pc-in-2018/3946234-5087360-1wy5djz/index.html

 

[Tony254]

Kenya's economy grew by 6.3 percent in 2018, helped by an impressive growth in agriculture, manufacturing and transport sectors.
This was an rebound from the 4.7 percent growth in 2017, the slowest growth in five years -- amid effects of an adverse weather and political jitters in the election year.
The agriculture sector grew by 6.6 percent, the highest in five years, data from the Economic Survey 2019 released on Thursday shows.
Agriculture accounts for close to a third of Kenya’s annual economic output.
Transport and storage services sector also grew to a five-year high of 8.8 percent.
Manufacturing sector grew at a faster rate of 4.2 percent in 2018, compared with 0.5 percent in 2017.

Slower pace
However, the construction sector grew at a slower pace of 6.6 percent compared with 8.5 percent in 2017.
The economic survey data shows that the country's financial sector grew at 5.6 percent in 2018 compared with 2.8 percent the previous year.
Fastest growing
Kenya, East Africa’s richest economy, is one of the fastest growing areas on the continent but its performance is often hit by drought.
Violence after a December 2007 presidential election and disputes over the following two polls led some investors to scale back investment, hurting growth.
Missed revenue targets, rising public debt and uncontrolled expenditure have also emerged as concerns for investors in recent years.
The World Bank trimmed its 2019 economic growth forecast for Kenya to 5.7 percent from an earlier forecast of 5.8 percent due to a delayed onset of the main rain season.
The government expects the economy to grow by 6.3 percent in 2019, President Uhuru Kenyatta said earlier this month.


https://www.businessdailyafrica.com...pc-in-2018/3946234-5087360-1wy5djz/index.html

Vizuri sana, hii ni habari njema kwa bara la Afrika. Kama sio Kenya Afrika tungekuwa wapi? Mitanzania vinapita humu kimya kimya tu.

 

[mwaswast]

Watani wanachungulia kwa machungu.

 

[eliakeem]

It's a GOOD thing to reach that point.

 

[Tony254]

It's a GOOD thing to reach that point.

ukuaji wa 6.3% kwa uchumi mkubwa kama wetu ni sawa na mtu aliyenenepa kama Big show kukimbia mita mia moja mbio kushinda Usain Bolt.

 

[Geoffrey Eng Atkinson]

hey boss: am from tz ila sionagi umuhimu wa hizi issue za gdp imekua ngap mpaka ngap and yet i dont see changes on my life, its mara mia niwe in a poor country and have connections to make my life best: nkionaga izo propaganda hua nazipita they have always been here since 90's: more important its touches my life somehow

 

[eliakeem]

ukuaji wa 6.3% kwa uchumi mkubwa kama wetu ni sawa na mtu aliyenenepa kama Big show kukimbia mita mia moja mbio kushinda Usain Bolt.

Ahaaa haaa haaa
Shangilieni maana hamjawahi fikia hiyo tarakimu.
Lkn hilo liendane na ubora wa hali ya maisha ya WATU. Kama kuondoa njaa na ukosefu wa usalama.

 

[sodoliki]

Kenya's economy grew by 6.3 percent in 2018, helped by an impressive growth in agriculture, manufacturing and transport sectors.
This was an rebound from the 4.7 percent growth in 2017, the slowest growth in five years -- amid effects of an adverse weather and political jitters in the election year.
The agriculture sector grew by 6.6 percent, the highest in five years, data from the Economic Survey 2019 released on Thursday shows.
Agriculture accounts for close to a third of Kenya’s annual economic output.
Transport and storage services sector also grew to a five-year high of 8.8 percent.
Manufacturing sector grew at a faster rate of 4.2 percent in 2018, compared with 0.5 percent in 2017.

Slower pace
However, the construction sector grew at a slower pace of 6.6 percent compared with 8.5 percent in 2017.
The economic survey data shows that the country's financial sector grew at 5.6 percent in 2018 compared with 2.8 percent the previous year.
Fastest growing
Kenya, East Africa’s richest economy, is one of the fastest growing areas on the continent but its performance is often hit by drought.
Violence after a December 2007 presidential election and disputes over the following two polls led some investors to scale back investment, hurting growth.
Missed revenue targets, rising public debt and uncontrolled expenditure have also emerged as concerns for investors in recent years.
The World Bank trimmed its 2019 economic growth forecast for Kenya to 5.7 percent from an earlier forecast of 5.8 percent due to a delayed onset of the main rain season.
The government expects the economy to grow by 6.3 percent in 2019, President Uhuru Kenyatta said earlier this month.


https://www.businessdailyafrica.com...pc-in-2018/3946234-5087360-1wy5djz/index.html

Hio ndiyo kenya bwana, utasikia mitanzania wenzangu watakuambia uchumi haukukua kwa sababu tulipata kimbunga cha kenneth, wee subiri, stupid country, stupid leadership, stupid people

 

[Bwana254]

ukuaji wa 6.3% kwa uchumi mkubwa kama wetu ni sawa na mtu aliyenenepa kama Big show kukimbia mita mia moja mbio kushinda Usain Bolt.

That's just very impressive expansion i hope they can eventually hit Kibaki's 7.1% growth of 2006 .I liked the following highlights-
Agriculture,fishing & forestry grew 6.4%.
Food and accomodation grew by 16%.
Transport grew an impressive 8.8%.
Manufacturing rebounded sharply to 4.2%
But overall that growth of 6.3% exceeded many people's expectations i know it exceeded my expectations of 5.8%

 

[Bwana254]

Watani wanachungulia kwa machungu.

Truth be told ,i don't like that slowdown in construction sector down from 8.5% and down to 6.6% which means one of Uhuru's big four will be on a slower pace.Construction and housing needs to scale back up to between 8% to 10% to achieve Kenya's quality housing targets.

 

[kabombe]

Watu wanakufa kwa njaa na utapiamlo wewe unaleta GDP hiyo hata wewe unaweza kupika hiyo ripoti

 

[mrangi]

Mambo ya GDP sijui 0.7% Blh Blh uchumi sjui umepanda umekata kushoto haina umuhimu wowote kwa raia wa kima cha chini kwenye nchi za afrika

Ova

 

[osururu]

Wasengerema ni wengi sana.Bila kuitaja Bongo ni kama vile wanaikosa shafti.

 

[vulcan]

Tanzanians please, a GDP growth is also an indicator of the potential the economy has to get people out of poverty.
It does not mean there are no problems, NOPE, but we are at a better position to get our people a better lifestyle.

We just need to focus more on reducing the gap between the rich and the poor and make the economy more inclusive.

So to hell with your talk of how GDP is "not important".

 

[Depay]

This is a good growth, we can only sustain this for even 5 years and boom Kenya will never be the Same again

 

[Profesa ntare nkobe]

Inasaidia nini kama kibera hipo kila siku watu wanakufa na njaa

 

[Depay]

Inasaidia nini kama kibera hipo kila siku watu wanakufa na njaa

unanuka Mefi tu

 

[Eyce]

Hongereni asee kwa uchumi wa Kenya hapo ni lazma kuwe kuna impact kubwa na yawezekana hii ndio sababu ya Gap la uchumi kuongezeka na Tanzania...

Inabidi mkue zaidi sasa maana hizi contractionary and unpredictable policies zetu tayari ni fursa kwenu ..
Grow more ,Do more neighbours

 

[Bwana254]

This is a good growth, we can only sustain this for even 5 years and boom Kenya will never be the Same again

Its gonna be sustainable and it might even accelerate to higher growth lets say 7- 8% in the near future.Another thing is a projected increase in GoK 2019/2020 budget to unprecedented $35bn , a 17% increase from last budget of 2018/2019.