Kenya’s economy likely to grow beyond Treasury forecast, says CBK

Central Bank of Kenya Boss Patrick Njoroge (PHOTO: Standard)

NAIROBI, KENYA: The economy is likely to expand by 6.2 percent this year, the central bank’s governor said on Tuesday, offering a rosier outlook than the Finance Ministry which expects growth of 5.8 percent.

The East African economy expanded by 5.7 percent in the first quarter as farming, which accounts for close to a third of output, recovered from a drought in the same period a year earlier. The economy expanded by 4.9 percent in 2017.