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.
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
West African officials met in Lomé to improve municipal finances for crisis response Talks focuse...
Launch led by Maroc Telecom, Orange, and Inwi Rollout targets 25% coverage by end-2025 under Digi...
The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...
Germany to provide €49 million ($56.7 million) to support ECOWAS projects. Funds target peac...
Morocco mandates fiber-optic links in all new buildings from November 6 Policy supports Digital Morocco 2030 and national broadband expansion...
Uganda mulls separating airport operations from civil aviation regulation Proposed split aims to align with global norms, boost oversight, and...
Nigeria launched digital platform to automate civil service workflows and documents System includes e-signatures, centralized records, hosted on...
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launching a national AI academy for local sector...
The second edition of Salon International de la Musique d’Afrique (SIMA) launched in Cotonou on Thursday, November 13. This year's event in Benin marks a...
Benin approves Club Med resort in Avlékété to boost tourism sector 25-hectare site to feature 336 rooms, pools, spa, and sports...