WB backs economy for quick recovery after virus attack

New measures to contain the spread of the virus have seen subdued business activities around the country. [Jonah Onyango, Standard]

The World Bank has tipped the Kenyan economy to bounce back quickly from the adverse effects of the coronavirus pandemic.

However, the global lender in its bi-annual review of the Kenyan economy expects the outbreak to leave a major hole in the country’s total output this year, with the economy registering one of the slowest growths in recent times at 1.5 per cent.