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    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    Agribusiness Chamber demands resignation of Agric Minister over sector woes

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    ActionAid Ghana Appoints John Nkaw as Country Director

    BoG’s inflation targeting framework can’t reduce rise in inflation – IEA

    Monetary Policy Rate must be increased to 19% to check inflation – IEA

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

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    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

    Fuel prices to rise marginally in second pricing window of May – IES

    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

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    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

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World Bank: Kenya’s 2016 GDP to see growth as agriculture contributes

bycitibusinessnews
November 1, 2016
in Africa, East Africa
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Kenya’s economy is expected to grow by 5.9 percent in 2016, the World Bank said on Monday, unchanged from an earlier forecast and up from actual growth of 5.6 percent last year.

The bank said growth will be driven by improved performance in the agriculture sector and tourism, and increased foreign direct investments.

“This is a relatively robust performance against an average growth of 1.7 percent forecast for Sub-Saharan Africa in 2016,” the multilateral lender said in its latest economic update for Kenya.

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The World Bank predicted that Kenya’s economy will grow by 6 percent in 2017 – also unchanged from its March update – and 6.1 percent in 2018.

In 2015, Kenya faced a number of challenges, including attacks blamed on Somalia’s al Shabaab militants, that hit tourist arrivals and eroded foreign exchange earnings in the sector.

Next year, the country will hold presidential elections, pitting incumbent President Uhuru Kenyatta against several challengers, likely to include opposition leader Raila Odinga. After the 2007 vote, the country was plunged into violence when Odinga’s supporters said the election was rigged.

The government forecasts Kenya’s economy will grow 6 percent in calendar 2016 and by 7 percent a year in the medium term.

–

Credit: CNBC Africa

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