• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

Study: Kenya’s growth on shaky ground

samrack by samrack
October 4, 2016
in 2016, Africa, Diaspora, Kenya, Kenya Diaspora News, News, People, U.S Diaspora
A A
0
Study: Kenya’s growth on shaky ground
Share this
FacebookTwitterPinterestEmailWhatsAppLinkedIn

Study: Kenya’s growth on shaky ground 

Investment bank Renaissance Capital said unless something is done to revive core economic sectors, such as manufacturing and agriculture, the country’s growth may not be sustainable in the long run. Yvonne Mhango, Renaissance Capital’s sub-Saharan Africa (SSA) economist, said Kenya’s real gross domestic growth (GDP) does not amount to much once sectors like construction, financials and ICT are excluded. “We estimate ‘underlying’ growth has been 1 percentage point lower than real GDP growth over the past two years when we exclude construction, public administration (proxies for fiscal and infrastructure spending), financials and ICT,” said Ms Mhango. GDP expansion The economy has recorded impressive growth, with GDP expanding 5.6 per cent last year, up from 5.3 per cent in 2014, according to the Kenya National Bureau of Statistics (KNBS). This has been attributed to bullish construction, agriculture, finance and insurance sectors.

In the second quarter of this year, the country’s GDP expanded by 6.2 per cent, up from 5.9 per cent over a similar period last year, thanks to better performances in agriculture, forestry and fishing; transportation and storage; real estate; wholesale and retail trade, according to KNBS. The country has also been pumping billions of shillings into mega-projects in roads, railways and ports.

“The sentiment in Kenya is that when infrastructure is stripped out, the underlying economy feels weaker. One local investor told us that outside of banks and telcos, other sectors are just chugging along,” said Mhango. Manufacturing slowed in the period under review, growing by 3.2 per cent from 5.6 per cent in the second quarter of 2015. This was attributed to a contraction in fish processing, manufacture of edible fats and margarines, processing of maize meal, and manufacture of bread and processing of wheat. “Manufacturing’s malaise is attributed to the dominance of family-owned, risk-averse firms, implying the biggest underperforming sector is unlikely to shoot the lights out any time soon,” said Mhango. She also flagged the capping of interest rates as one of the factors likely to curtail access to financial services. “This time around we expect a lower supply of credit, owing to the rate cap, to lead or coincide with a slowdown in GDP growth.”

Source:http://www.standardmedia.co.ke

Tags: Study: Kenya’s growth on shaky ground
Previous Post

Kenya-Israel strike deal to boost local innovation

Next Post

VENEZUELAN MAN STRANDED IN POSH HOTEL AFTER LOSING SH10M TO CITY TYCOON – VIDEO

Related Posts

I received death threats for taking photo with Raila- Woman
Diaspora

I received death threats for taking photo with Raila- Woman

May 22, 2022
Man Claiming to be Kibaki’s Biological Son Demands a Share of His Wealth
Kenya

Man Claiming to be Kibaki’s Biological Son Demands a Share of His Wealth

May 22, 2022
Kenyan Man Wanted in the US over Fraud Granted Bail Pending Extradition Proceedings
Kenya

Kenyan Man Wanted in the US over Fraud Granted Bail Pending Extradition Proceedings

May 22, 2022
DP Ruto picks Rigathi Gachagua as his running mate
Kenya

DP Ruto picks Rigathi Gachagua as his running mate

May 15, 2022
Muteshi Land Grabbing Case Haunts Ruto
Business

Muteshi Land Grabbing Case Haunts Ruto

May 13, 2022
Boyfriend of Missing US-based Kenyan Woman Considered a ‘Person of Interest’ in Her Disappearance
Diaspora

Boyfriend of Missing US-based Kenyan Woman Considered a ‘Person of Interest’ in Her Disappearance

May 13, 2022
Next Post
VENEZUELAN MAN STRANDED IN POSH HOTEL AFTER LOSING SH10M TO CITY TYCOON – VIDEO

VENEZUELAN MAN STRANDED IN POSH HOTEL AFTER LOSING SH10M TO CITY TYCOON – VIDEO

Please login to join discussion
Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply. Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply. Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply.
ADVERTISEMENT
ADVERTISEMENT

Latest News

I received death threats for taking photo with Raila- Woman

Man Claiming to be Kibaki’s Biological Son Demands a Share of His Wealth

Kenyan Man Wanted in the US over Fraud Granted Bail Pending Extradition Proceedings

DP Ruto picks Rigathi Gachagua as his running mate

Muteshi Land Grabbing Case Haunts Ruto

Boyfriend of Missing US-based Kenyan Woman Considered a ‘Person of Interest’ in Her Disappearance

Five Reasons Why Real Estate Increases in Value

Kenya:9,484 children were defiled last year— Health ministry

Standoff at JKIA After Family Refuses to Pick Body of Kin Who Died in Saudi Arabia

Kenyan Nurse Wins Sh29 Million Global Nursing Award in Dubai

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

GOVERNOR MUTUA’S BIG BLOW AS TRIBUNAL STOPS HIM FROM EXITING AZIMIO LA UMOJA ONE KENYA COALITION!!

GOVERNOR MUTUA’S BIG BLOW AS TRIBUNAL STOPS HIM FROM EXITING AZIMIO LA UMOJA ONE KENYA COALITION!!

by samrack
May 11, 2022
0

GOVERNOR MUTUA'S BIG BLOW AS TRIBUNAL STOPS HIM FROM EXITING AZIMIO LA UMOJA ONE KENYA COALITION!!   Governor Alfred Mutua’s...

You are free to use Nairobi expressway from next Saturday – Uhuru

You are free to use Nairobi expressway from next Saturday – Uhuru

by samrack
May 8, 2022
0

You are free to use Nairobi expressway from next Saturday - Uhuru Other than the ban on photography, skaters, pedestrians,...

  • About Us
  • Archives
  • SWG Registration

© 2021 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2021 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 1.353 seconds. Stats plugin by www.blog.ca