Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Kenya's Q1 2016 GDP growth up, tourism boosts

30 June 2016, 16:41

Nairobi (Reuters) - Kenyan growth picked up in the first quarter of 2016, helped by improved performance across the economy and especially tourism, the statistics office said on Thursday.

The Kenya National Bureau of Statistics (KNBS) said in a statement the economy expanded by 5.9 percent in the first three months of this year from 5.0 percent in the same period last year.

In 2015, East Africa's biggest economy struggled with a number of challenges including attacks blamed on Somalia's al Shabaab militants that scared away tourists and eroded foreign exchange earnings in the key sector.

"The economy is estimated to have maintained the growth momentum that started during the second quarter of 2015,"the Kenya National Bureau of Statistics said in a statement.

"The most notable improvement was a rebound in activities of accommodation and food services which expanded by 12.1 percent in the period under review compared to a contraction of 11.4 per cent during the same quarter in 2015."

The statistics office said agriculture, forestry and fishing grew by 4.8 percent in the quarter compared with 2.9 percent registered in first quarter 2015.

It said the construction industry grew by a slower 9.9 percent from 12.6 percent in the same period of 2015, while manufacturing grew by 3.6 percent from 4.1 percent in first quarter 2015.

It said the information and communication sector grew by 9.7 percent from 8.6 percent previously, helped improved performance in the mobile phone industry.

The government forecasts the economy will grow 6 percent in calendar year 2016 and by 7 percent a year in the medium term, compared with 5.6 percent growth last year.

The statistics office said the current account deficit shrank 30 percent to 71.02 billion shillings ($703 million) during the quarter.

KNBS said Kenya, an oil importer, has continued to benefit from low international oil prices.

- Reuters

Tags gdp tourism

Read more from our Users

Submitted by
Wilson Ochieng
DP Ruto accuses Raila of selling ...

DP Wiliam Ruto has castigated Raila Odinga for seeking western support to fund his 2017 election bid. Read more...

Submitted by
William Korir
Peter Kenneth announces Uhuru 201...

Peter Kenneth has announced that he will support President Uhuru Kenyatta in the 2017 elections. Read more...

Submitted by
Wilon Ochieng
Labour Party to dump both Jubilee...

The Labour Party of Kenya is likely to avoid supportoing both the CORD and Jubilee factions during the 2017 General Elections. Read more...

Submitted by
William Korir
Ukambani MP quits Jubilee, to run...

An Ukambani MP has quit the Jubilee Party, citing voter apathy as his reason behind leaving the ruling coalition. Read more...

Submitted by
Victor Tinto
Government launches probe into Po...

The government has launched an inquiry into the circumstances that could have led to two National Police Service helicopter accidents in August and September this year. Read more...

Submitted by
Wilwon Ochieng
Deputy Governor's ally found with...

The EACC has recovered KES 2 million in fake currency from a close ally of Deputy Governor for Tharaka Nithi Eliud Mati. Read more...