Kenya: Economy rebounds 10.1pc in quarter two
Kenya’s economy has expanded 10.1 percent in the second quarter of the year on the back of a rebound in economic activity compared with a similar period last year when tough Covid-19 containment measures led to a 4.7 percent contraction.
Data from the Kenya National Bureau of Statistics (KNBS) showed the growth in the April-June period was faster that first quarter when Gross Domestic Product (GDP) slowed to 0.7 percent compared with 4.4 percent in corresponding period in 2020.
Treasury Secretary Ukur Yatani said “The growth recorded was mainly as a result of easing Covid-19 containment measures that facilitated gradual resumption of economic activities.”
The data showed that recovery in the second quarter was largely supported by the resumption of learning activities which surged 67.6 percent year-on-year followed by ICT sector at 25.2 percent.
Other sectors with significant jumps in inactivity were services (20.2 percent) and manufacturing (9.6 percent).
Related Posts
Interswitch Strengthens Kenya Fintech Business with New Managing Director
Interswitch has appointed Geoffrey Njuguna as the new Managing Director for its Kenya operations, reinforcing the company’s leadership as it accelerates…
By
Madrid Becomes Black & White Engineering’s New Gateway to Southern Europe
Black & White Engineering has expanded its European operations with the opening of a new office in Madrid, Spain,…
Dangote Expands Refining Capacity with New Kenya Project
Dangote Industries’ proposed KSh2.2 trillion East African oil refinery has taken another major step toward implementation after the Kenyan government…
Safaricom CEO appointment Now Subject to New Governance reforms
Safaricom shareholders are set to vote on a series of proposed governance reforms that could significantly expand Vodafone Kenya…
Gallery
