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Treasury now cuts growth forecast to 5.5 per cent

The Treasury building in Nairobi Photo:Courtesy

Kenya lowered its 2017 economic growth forecast to 5.5 per cent due to drought and political uncertainty, a top official has said, as the Government cut non-essential spending to free up funds for a repeat presidential election.

The drought earlier this year hurt agriculture, which accounts for 30 per cent of output, said Kamau Thugge, the Principal Secretary in the ministry finance.

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