During the period, Kenya’s economic growth was mainly driven by a strong recovery in the accommodation and food services, transport, construction, and ICT sectors.
Kenya's economy grew by 6.8 percent in the first quarter of 2022 compared with 2.7 percent in the same period of 2021, according to data released on Friday, July 1, by the National Bureau of Statistics.
This year-on-year growth was mainly due to recovery in most economic activities that contracted significantly in the first quarter of 2021, due to covid-19, the bureau informed in its release.
The pace of economic activity accelerated in the accommodation and food services sector, which grew 56.2 percent in the first quarter of 2022, compared with a 33 percent contraction a year earlier. The growth was contributed by an increase in the number of tourists amid eased coronavirus restrictions. Tourist arrivals through the Jomo Kenyatta International Airport and Moi International Airport increased by 85.1 percent in the first three months of 2022, to 225,321 visitors.
The transportation sector also grew by 8.1 percent in the first quarter of 2022 compared to a 7.9 percent contraction in the same period last year. Other key sectors such as construction, real estate, and information and communication technologies also grew "faster" during the first three months of the year.
However, the agricultural sector, which accounts for about 33% of Kenya's GDP, contracted between January 1 and March 30, 2022, due to insufficient rainfall, while rising commodity prices following the war in Ukraine led to increased inflation. In 2021, Kenya's economy grew by 7.5 percent, the highest rate in the past 11 years. For 2022 however, the government expects growth to slow to 6 percent, mainly due to poor weather conditions.
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...
Central bank launches project for real-time transfers across banks and mobile wallets System aims...
BOAD approves $35.7 million to upgrade Burkina Faso–Mali border road Project targets 130 km,...
Fitch lowered Gabon’s sovereign rating to CCC- amid rising fiscal stress Payment arrears reac...
Nigeria now has ~20,000 EVs on the road. While under 1% of the total fleet, adoption is surging in urban areas like Lagos and Abuja. SAGLEV’s Imota...
The Gates Foundation and ADQ launched a four-year initiative to transform education in sub-Saharan Africa using AI and EdTech, with ADQ contributing up...
Nice Deer has partnered with Telecom Egypt to manage healthcare services for over 28,000 employees via its digital insurance platform. The announcement...
Ghana plans to introduce a fully online visa application system in early 2026 The reform aims to speed up processing and simplify entry...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...