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Kenyan Economy Set For 6.1 Percent Growth, CBK

Kenyan economy is set to expand by 6.1 per cent in 2021 and by a further 5.6 per cent next year, according to Central Bank Projections. 

In its first economic projection for the year, Central Bank said growth in the period is largely expected to come from base effects after a 0.3 per cent GDP contraction last year as a factor of the COVID-19 pandemic.

CBK is expected to review its GDP outlook subsequently and after its receipt of quarter one, two GDP data later next in October.

CBK Governor Patrick Njoroge 

 based his projection on leading economic indicators alongside rebounding optimism for growth. 

“It’s clear that respondents remain quite optimistic. There is a lot of optimism in the recovery despite problems related to restriction measures and other constrains facing producers,” Njoroge said on Wednesday.

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