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Kenya: Economy Hit Hard as Services Slow Down
Nation, 29 April 2020
A slowdown in services resulted in the economy contracting to 5.4 per cent last year from 6.3 in 2018, Treasury Cabinet Secretary Ukur Yatani has said. Read more »
Kenya's Economy Hit Hard By COVID-19 as Services Slow Down
Treasury Cabinet Secretary Ukur Yatani has downgraded this year's economic growth outlook to between 1.8 and 2.5% from the previous forecast of 6%, saying that his department will study the impact of COVID-19 on the various economic sectors. Those suffering from the disease, as well as those in quarantine, are weighed down by huge debts and are lacking basic items that include hand sanitisers, soap and mosquito nets.
Treasury CS Ukur Yatani (centre) with Kenya National Bureau of Statistics Director-General Zachary Mwangi (right) and State Department for Planning Principal Secretary Saitoti Torome during the launch of the 2020 Economic Survey at the Treasury.
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