If 2017 was a tumultuous year for business and the economy, many are expecting 2018 to be the year of not just recovery but also reflection. The prolonged presidential election after the nullification of the first presidential election results caused more tension that piled pressure on productive sectors, nearly stalling the economy. Sectors that are hoping for a lift in 2018 include manufacturing, which had slowed down in 2017. “For many months, Kenya’s businesses have been holding their breath, waiting for the outcome of the 2017 presidential elections,” she says in a post-election analysis. A significant amount of the government’s commercial debt will mature in 2019, making 2018 a crucial year for the country’s economic performance.
Source: Daily Nation December 30, 2017 22:07 UTC