World Bank: Kenya's GDP growth to rebound to 5.5 percent in 2018

Allen Dennis from World Bank Group (left) flanked by Poverty & Equity Global Practice,Economist, Utz Johann Pape in Nairobi

NAIROBI, KENYA: Kenya’s economy will grow 5.5 percent this year compared with an estimated 4.8 percent last year, thanks to better weather and less political risk after last year’s presidential election, the World Bank said on Wednesday.

A severe drought in the first quarter, political turmoil due to a disputed and then re-run presidential election and sluggish private sector credit growth all helped cut 2017 economic output growth to the lowest in five years, from 5.8 percent the previous year.