(Ecofin Agency) - In Q3, 2018, Kenya’s economy recorded a 6% growth against 4.7% during the same period in 2017, according to figures published by the Kenya National Bureau of Statistics (KNBS) on December 31, 2018.
Indeed, between July 1 2018, and September 30, 2018, the agriculture sector grew by 5.2% against 3.1% a year earlier, thanks to favorable climate conditions.
The manufacturing sector grew by 3.2% during the period under review while a year earlier, it contracted by 0.1%, the KNBS revealed.
Thanks notably to a strong rise in the production of electricity via hydroelectric and geothermal sources, the utility sector recorded an 8.5% growth against 4.5% growth in Q3, 2018.
Let’s also note that in Q2, 2018, the country’s GDP grew by 6.3%, which is its strongest growth since Q2, 2016.
The government expects the 2019 economic growth to be 6.2% against 6% in 2018.