02/08/2013

World Bank says Kenyan economy picking up momentum.

The World Bank forecast on Thursday that Kenya's economy will grow by between 5.3-6.0 percent anually over the next two years and raised its projection for 2010 by almost a full percentage point to 4.9 percent. A strong performance in the agriculture and manufacturing sectors, higher public investment in infrastructure and rising confidence since the adoption of a new constitution will underpin the economic rebound, the World Bank said in its biannual report.
(Kenya's economy) could also be at a tipping point in the sense that it may have reached a critical threshold beyond which it may enter a period of sustained growth,' the World Bank said in its Kenya Economic Update.

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