Kenya records economic growth

18/05/2011 - Kenya property & investment news Posted by Neil King
Kenya records economic growth

Investors in Kenya could be glad to hear the the country's economy grew by 5.6 per cent in 2010.The official statistics revealed that agriculture, finance, wholesale and retail were the key sectors that helped support the growth.In 2009, growth came in at just 2.6 per cent, so these latest figures are a substantial improvement and suggest that the country is performing well.According to planning minister Wycliffe Oparanya, the 'feel good' factor that followed the promulgation of the new constitution helped boost performance, as did the relative political stability.Capital News reported Mr Oparanya's comments at the launch of the Economic Survey Report: "Last year, there was stability in the fluctuations of exchange rates; we had adequate rainfall and we had a stable political environment."When we look at the main sectors of the economy, agriculture which had contracted by 2.6 percent in 2009 recovered to 6.3 percent."