Kenya’s Growth could reach 6% in 2013

Kenya’s economy is expected to expand by about 6% in 2013, up from a growth rate of 4.6% last year, driven by a pick-up in sectors like agriculture, the planning minister said yesterday. Optimism around the prospects for east Africa’s biggest economy has risen after the country held a peaceful presidential poll in March, in contrast with the violence-riddled election of five years ago. Anne Waiguru, the cabinet secretary for the ministry of devolution and planning, said the country would focus on implementing the economic plan of the Jubilee coalition which won the polls in March. Waiguru attributed the outlook to a stable macroeconomic environment and increased investor confidence after the broadly peaceful elections. “We are expecting a positive growth if all goes as we expect (growth of) about 6% or so,” Waiguru said.

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