×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Read on the App

Drought, high cost of petroleum products drag down Kenya's economy

A snail used in the illustration of slow economic growth. [Getty Images]

The Kenyan economy grew at a slower pace last year, weighed down by the prolonged drought that has hit the country over the last three years and a higher cost of petroleum imports.

The drought resulted in agriculture, the economy's largest sector, posting negative growth for a second consecutive year. Kenya's real gross domestic product (GDP) - which is the value of all goods and services that Kenyans produced - grew by 4.8 per in 2022.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in