Browsing: Kenya GDP growth

• The Nairobi Securities Exchange (NSE) Share Value dropped from from US$60.3 million in September 2022 to US$33.3 million in September 2023.
• The NSE 20 Share Index also declined from 1,718 points in September 2022 to 1,508 points recorded in September 2023.
• Nairobi bourse hit by turbulence as investor sell off persisted in favour of other lucrative markets in the nine months to September 2023.

The Nairobi Securities Exchange took a hit in the past year losing US$26.9 million (KSh4.2 billion) in the value of shares traded to reach US$33.33 million (KSh5.2 billion).

Latest data contained in the Quarterly Gross Domestic Product Report released by Kenya National Bureau of Statistics (KNBS) shows that despite the drop, the number of shares traded recorded a rise.

The review period saw the Nairobi bourse hit by turbulence as investor sell off persisted in favour of other lucrative markets, this saw NSE ranked the worst …

• Fruit exports played a pivotal role in bolstering Kenya’s agricultural sector, posting a surge of 84.3 per cent to 59,684.5 metric tonnes in September this year.
• Kenya’s vegetable exports reached 20,427.1 metric tonnes, while tea production soared to 138,771.6 metric tonnes in the quarter under review.
• Other sectors that experienced notable growth were financial, ICT as well as the accommodation and food service industries.

Kenya’s GDP growth witnessed an upswing, with the real Gross Domestic Product increasing by 5.9 per cent in the third quarter of 2023. This marked a substantial improvement from the 4.3 per cent recorded during the same period in 2022, signaling positive momentum in the country’s economic landscape.

This GDP growth can be primarily attributed to the increasing production and export volumes of agricultural products including fruits and vegetables. The uptick of East Africa’s giant economy underscores its resilience and adaptability in the face of various …