Kenyan Economy Expands at Fastest Pace in Five Years in 2016
- Growth accelerated to 5.8% last year from 5.7% in 2016
- Economy faces headwinds in 2017 from drought, credit squeeze
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Kenya’s economy, East Africa’s largest, expanded at the fastest pace in five years in 2016, boosted by more construction and tourism.
Gross domestic product increased 5.8 percent last year, the most since 2011, from a revised 5.7 percent in 2015, Kenya National Bureau of Statistics Director General Zachary Mwangi told reporters Wednesday in Nairobi, the capital. Expansion could have been more robust had it not been for a sluggish final quarter, when drought hurt farming output.