World Economy

Kenya Economy to Expand

Kenya Economy to ExpandKenya Economy to Expand

Kenya’s economy is projected to expand by 6.5% in 2015, up from 5.3% in 2014, a pan- Africa bank said, Xinhua reported. African Development Bank (AfDB) Group East Africa Resource Center Director Gabriel Negatu told a media briefing in Nairobi that the growth will be fueled by increased agricultural output following optimum rains. “Economic expansion will also be accelerated by Kenya’s stable prices as well as the reduced cost of doing business through investments in infrastructure,” Negatu said during the release of the 2015 African Economic Outlook. Kenya’s projected growth is well above Africa’s average target growth of 4.5% in 2015, according to the bank.