CBK: Low food produce curtailing Kenya's 2023 GDP to 5.8pc
Central Bank of Kenya Governor Patrick Njoroge. Njoroge on March 29, 2023 said Kenya's economy is expected to expand by 5.8 percent in 2023, a slower pace than the previously forecast 6.1 percent. PHOTO | LUCY WANJIRU | NMG
Kenya's economy is expected to expand by 5.8 percent in 2023; a slower pace than the previously forecast 6.1 percent because of lower growth in the agricultural sector, Central Bank Governor Patrick Njoroge said on Thursday.
Kenya like other East African States is emerging from the worst drought in four decades. It has also seen a jump in the prices of basic commodities and is suffering from the effects of a weaker currency as well as heavy public debt load.
