Browsing: Oxford Economics

The Kenyan government is considering a $15.4million financing option for smallholder tea farmers across the country to help them diversify tea production in Kenya with production of orthodox tea.

The Kenyan economy is projected to grow by 5.8 per cent on average in 2019, according to GDP projections from 16 research houses, global agencies, and government organizations that were tracked during the half-year period to June.

This will be driven by among others, growth in the agriculture sector, implementation of the Big 4 Agenda projects by the government, and recovery in the business environment evidenced by the Stanbic Bank Monthly Purchasing Managers’ Index (PMI), which rose to 51.3 in May 2019 from 49.3 recorded in April, an indication of improving business conditions.

Among firms that have projected the growth includes Cytonn Investment which had foreseen a 5.8 per cent growth in H1’2019 and a similar growth in the second half of the year.

“Cytonn maintains a positive outlook for the macroeconomic environment in Kenya in their H1’2019 review, with expectations of strong economic performance with a GDP growth of …