Kenya Growth Slows to Weakest Since 2013
- Agriculture accelerates, tourism struggles versus 2nd quarter
- Government forecasts full-year growth of 5% vs 5.8% in 2016
A market trader in Mombasa, Kenya.
Photographer: Luis Tato/BloombergThis article is for subscribers only.
Kenya’s economy expanded at the slowest pace since December 2013 as a government-imposed cap on commercial lending rates, a drought and disputed elections weighed on growth in the world’s largest exporter of black tea.
The gross domestic product in East Africa’s largest economy expanded by 4.4 percent from a year earlier in the three months through September, compared with 5 percent reported in the previous quarter, the Kenya National Bureau of Statistics said on its website.