Kenyans Economy Slows Down to 5.4 Percent

Kenya’s economic growth slowed down to 5.4 per cent across 2019 from 6.3 per cent in 2018, new data shows.

The data from the Kenya National Bureau of Statistics (KNBS) shows a widespread slowdown in the key sector across the board.

Agriculture output, for instance, fell sharply to 3.6 per cent from six per cent in 2018 as suppressed long rains disrupted the normal planting season in key agricultural zones.

The manufacturing sector meanwhile slowed to 3.2 per cent from 4.3 per cent as the sector took a hit from the constrained supply of raw materials.

“The growth slower than 2018 was widespread across all sectors of the economy but was more pronounced in service-oriented sectors,” Treasury CS Ukur Yatani said at the release of the survey on Tuesday.

However, a number of sectors defied the deceleration trend with the Finance and Insurance sectors marking an improved 6.6 per cent growth in 2019 from 5.3 per cent in 2018.

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