Kenya’s economic growth remains positive, rising from 5.3% in 2014 to an expected 5.7% in 2016, according to a World Bank Group economic report released this week.
The World Bank’s Kenya Economic Update attributes the growth to government investment in infrastructure. This includes railways, road and energy.
While external factors, such as China’s economic slump have hampered growth, the foundation remains strong, says the report.
“Kenya has the potential to become one of the best performing economies in sub-Saharan Africa and also among middle income countries,” said World Bank country director for Kenya Diarietou Gaye. “Managing the challenges emerging from the global economic environment will enable the government to deliver on the promise of a more prosperous future for Kenyans,” she added.
