Pine Bridge Investments lowers Kenya's growth outlook

Fund managers at Pine Bridge Investments have lowered their growth forecast for Kenya, citing insecurity, weakening shilling, resurgence in inflationary pressure, rising interest rates, increased government spending on recurrent activities and erratic weather patterns.

This comes even as Kenyans warm up for a middle- income status under a revised method of computing Gross Domestic Product (GDP), which would increase the size of the economy by about 20 per cent.