Kenya’s Economic Growth of 5.6% in 2023 Fastest in Two Years
- Farming, which accounts for about quarter of output, rose 6.5%
- This year’s output will be undermined by floods across nation
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Kenya’s economy accelerated at its fastest pace in two years in line with the government’s own estimate, powered by a recovery in the agricultural sector.
Gross domestic product grew by 5.6% in 2023, compared with a revised 4.9% a year earlier, according to the Kenya National Bureau of Statistics. The International Monetary Fund expected growth of 5.5% and the central bank 5.6%.