Browsing: Kenya’s economic recovery in 2021

Growth in employment earmarks Kenya's post-pandemic economic recovery. www.theexchange.africa
  • Economic activity increased by 7.5 per cent, compared to a 0.3 per cent decrease the previous year, when operations were nearly halted due to pandemic containment measures.
  • The rise in 2021 was driven mainly by improved performance in manufacturing, commerce, transportation, real estate and financial services, which gained from the re-opening of the economy.
  • An estimated 926,000 new employment were generated in Kenya during the last year, supporting the country’s economic recovery.

The last year has set the pace for economic recovery following the Covid-19 pandemic. According to the Kenya National Bureau of Statistics (KNBS) data, Kenya’s economy recovered in 2021 to expand at the quickest rate in 11 years. The relaxation of Covid-19 restrictions has aided the recovery of essential industries, except for agriculture, which low rains have hampered.

Economic activity increased by 7.5 per cent, compared to a 0.3 per cent decrease the previous year, when operations were