A new World Bank report has painted a favourable economic growth for Kenya with the economy expected to grow at 5.4 percent in 2015, an improvement from the 2014 growth rate of 5.3 percent. The report also projects the growth rate in 2016 to be at 5.7 percent.
Speaking during the release of the report, World Bank country director for Kenya Diarietou Gaye said that economic growth for Kenya has all it takes to become one of the best performing economies in Sub Sahara Africa. But he added that this will be determined by the way the government responds and manages the challenges emerging from the current global economic environment.
Dabbed Kenya Economic Update (KEU), the report attributes the economic growth to ongoing infrastructure construction in the country and strong consumer demand.