Corona still a threat to Kenya's economy - Oigara - News Summed Up

Corona still a threat to Kenya's economy - Oigara


The healthcare crisis occasioned by Covid-19 still remains a big risk to business operations and economic recovery efforts, KCB Group MD Joshua Oigara has said. Oigara, who is also the chairperson of the Kenya Bankers Association (KBA) is, however, confident that social-economic resilience exhibited in 2020 will give the country strength to businesses. It has also projected Kenya’s economic growth rate at 1.3 per cent in 2020. The economy has been in a rebound since the beginning of the last quarter of 2020, setting the stage for strong growth in 2021,'' Oigara said. ''We remain optimistic that the development of the vaccine has covered significant ground that could make 2021 comparatively easier,'' Oigara said.


Source: The Star January 05, 2021 00:56 UTC



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