Browsing: Kenya’s GDP 2022

Businesses in Kenya see mild rise in activity despite loss of momentum in October
  • Kenya's continued recovery trajectory in 2022 would be supported by several factors, among them, improved business recovery
  • According to Cytonn, there will be a recovery of businesses from the adverse effects of the pandemic, owing partly to the continued reopening of external trading partners
  • The gradual increase in access to affordable credit will also support the economy’s continued recovery

The Kenyan economy may continue its recovery trajectory with the projected GDP growth expected at a range of 4.3 per cent - 4.7 per cent.

A report by Cytonn Investments indicates that the growth will be on the back of gains made in 2021. Using data from the Kenya National Bureau of Statistics, the investment firm says the average GDP growth rate for the three quarters in 2021 is 6.9 per cent, an increase from the 0.8 per cent contraction recorded during a similar review period in 2020.  The average GDP…