Kenya Economy to Slow Down

Kenya’s economic growth is expected to slow down to between 5.4 and 5.7% in 2017 down from 6% in 2016, analysts said on Monday, Xinhua reported. Cytonn Chief Investments Officer Elizabeth Nkukuu told a media briefing in Nairobi that the slowdown will be largely due to the ongoing drought that will affect agricultural sector which accounts for about 20% of total gross domestic product. “We expect strong levels of GDP growth at between 5.4% and 5.7% in 2017, driven by government expenditure and the growth of key sectors such as construction, as Kenya benefits from its diversity in growth sectors,” Nkukuu said.