The sluggish growth was attributed to international pressures such as the US-China trade war and the interest cap law that shrunk credit to the private sector. The tough economic year for the country was worsened by huge pending bills by both the government and private sector, choking money supply to suppliers. BRIGHTER 2020Kenya's economy is expected to grow at a faster rate next year, thanks to a number of positive factors. A major factor is the repeal of the interest cap law in November. The scrapping of interest rate law, for instance, is expected to enhance credit flow to the private sector, brewing economic activities, job creation and improved income for households.

Source: The Star December 31, 2019 07:07 UTC