Agriculture rebound speeds up Kenya's Q3 economic growth - News Summed Up

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Agriculture rebound speeds up Kenya's Q3 economic growth


By BUSINESS DAILY More by this AuthorA continued rebound of the agriculture sector has lifted Kenya's economic growth in the quarter that ended September to 5.9 percent from 4.3 percent in similar period in 2022. Data from the Kenya National Bureau of Statistics (KNBS) shows growth in the period was the fastest inside six quarters as the agriculture sector continued unwinding itself from a contraction. The sector recovered from a 1.3 percent contraction in September last year to grow by 6.7 percent, gaining dividends from improved weather conditions in 2023. "The improved performance was attributed to favourable weather conditions that characterised the first three quarters of 2023," KNBS said on Friday. Growth in electricity supply tanked on reduced thermal and wind power generation.


Source: Daily Nation December 29, 2023 13:13 UTC



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