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Economy slows down to 4.7 per cent in first quarter

Drought and law capping interest rates on loans have taken a toll on the economy, according to latest figures from the national statistician.

Kenya National Bureau of Statistics (KNBS) in its latest Quarterly Gross Domestic Report indicates that the economy slowed to 4.7 per cent in the first three months in 2017. This is compared to a growth of 5.3 per cent over the same period last year.

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