Africa Connected

Kenya expecting a massive 5,6% growth in GDP in 2016 - economist

Journalist Nikiwe Bikitsha, is visiting Kenya to explore the investment and business opportunities of the East African country.

To get an overview of the economic landscape she met with Standard Bank economist, Jibran Qureishi, about a number of current affairs issues - first and foremost - how the country's tourism sector has recovered following Islamist terror attacks just over two years ago.

2016 has been a good year in terms of not seeing any terror attacks like what we saw in 2014 and 2015. Kenya has seen a recovery in conference tourism.

Jibran Qureishi, Standard Bank economist

Qureishi shared some insights on the country's GDP, of which a third is generated by the agrarian sector. However, he highlighted the important part the construction and technology sectors play as emerging economic drivers.

We expect economic growth to expand by 5.7% in 2015. We've revised our 2016 outlook to 5.6% from 6% previously.

Jibran Qureishi, Standard Bank economist

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Qureishi said although corruption remains a challenge, and could deter investment, the Kenyan government is taking steps at addressing the matter.

We are quite encouraged that there has been positive developments from government and policy-makers to try tackle most of the corruption.

Jibran Qureishi, Standard Bank economist
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