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Kenya's economy grew to 6% in Q3, 2018

Kenya's economy grew to 6% in Q3, 2018
Wednesday, 02 January 2019 19:40

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.

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