Wednesday, May 16, 2012

Kenya’s economic slumber

Most sectors of the economy growth shrunk with high interest rates, soaring fuel costs, and low investment levels before the general election being the main factors to blame. The Minister for Planning Wycliffe Oparanya said that the economic growth in 2011 declined to 4.4 percent from 2010’s 5.8 percent.
Another aspect that the minister highlighted was the fall from 6.4 to 2.4 percent of the Agriculture sector, Kenya’s biggest earner. The decline was attributed to the unpredictable weather and high cost of fertilizer.

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...