Kenya’s economy will grow by at least 6.2 per cent in 2018/19 financial year if good policies are in place, CBK has said. This is 0.7 per cent higher than the World Bank’s forecast of 5.5 per cent but within the Treasury’s estimate of above six per cent. “We will have a perfect storm if good policies are put in place. Kenya’s oil imports for the current financial year is expected to jump to 3.3 per cent to GDP up[ from 3 three per cent recorded in 2016. The food import bill is expected to almost double to 2.9 per cent up from 1.5 per cent last year.

Source: The Star January 23, 2018 21:19 UTC