Global politics in advanced economies as witnessed in the outcome of the Brexit and the US election are set to put pressure on Africa’s economic growth includingKenya, Barclays Africa has warned. This is despite stable growth of Kenya’s economy on the back of strengthened agricultural output and increased investment in infrastructure. “However, strong agricultural output and surging infrastructure spend look likely to maintain Kenya on its current growth trajectory, despite these external setbacks,” he said. The National Treasury has projected the economy will expand by 6.0 per cent compared to 5.6 per cent in 2015. He said Kenya faces a real possibility of further market setbacks.

Source: The Star November 29, 2016 00:25 UTC