Economics
Kenyan Economy Expands at Fastest Pace in 2 Years on Farming
- Economy expanded 6.3%, outpacing central bank’s 6.1% estimate
- Agriculture grew 5.6% in quarter from 5.2% in first 3 months
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Kenya’s economy expanded at the fastest pace since the second quarter of 2016 as the nation reaps the benefits of a rebounding farm sector.
Gross domestic product in East Africa’s biggest economy rose 6.3 percent in the three months through June, from 5.7 percent in the previous quarter, the Kenya National Bureau of Statistics said Friday in a statement emailed from Nairobi, the capital. That was higher than the median of six economists’ estimates in a Bloomberg survey, and the central bank’s forecast of 6.1 percent.