IMF revises Kenya’s growth to 6.3 per cent on increased infections

Contractors work along the stretch of Kisumu-Mamboleo Road ahead of this year’s Madaraka celebrations in Kisumu. The country will now receive its second installment of Sh43.9 billion from IMF. [Washington Onyango, Standard]

The International Monetary Fund (IMF) has revised its growth outlook for Kenya’s economy this year downwards to 6.3 per cent citing the continued ravages of the Covid-19 pandemic.

Earlier, the IMF had projected the country’s economy to grow by 7.6 per cent this year on the back of a rebound in education as schools re-opened in the fourth quarter of 2020.