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Economy to grow by 6 percent in 2013

23 May 2013, 14:01

Nairobi - Kenya's economy is expected to grow by about 6 percent in 2013, up from a growth rate of 4.6 percent last year, driven by growth in sectors like agriculture, Devolution and Planning Cabinet Secretary Anne Waiguru said on Thursday.

Optimism around the growth 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.

The Cabinet Secretary made the announcement during the launch of the country’s economic survey.

Waiguru 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 percent or so," Waiguru said.

- Reuters

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