Kenya economy could be set for growth in 2012, says World Bank

17/01/2012 - Kenya property & investment news Posted by Neil King
Kenya economy could be set for growth in 2012, says World Bank

Kenya's economy has been heralded by the latest World Bank report because of the growth in communications. In news that could interest those considering property investment in the country, the World Bank has said that this year could be a defining one for the Kenyan economy if it can overcome political problems. Business Daily Africa reports that the organisation pointed towards improvements in the technology field as reasons why transport and agriculture can be improved this year. Wolfgang Fengler, the World Bank's lead economist, is quoted by the news provider as saying that Kenya has plenty of potential. "Africa is on a growth path, but Kenya, particularly, has two advantages," he explained. "(These advantages are) great people and a great location." It comes after a report by the Kenya Wildlife Service revealed that more Kenyans are holidaying at home, therefore boosting the local economy. Around 55 per cent of Kenyans have visited national parks in the last five years, the report said.