Macroeconomic Forecast Kenya

BMI View : We maintain our 4.5% growth forecast for Kenya this year, down from 5.8% growth last year, as the agricultural sector has yet to fully recover from the drought seen earlier in Q106, while high oil prices and the recent uptick in inflation are posing risks to the economy. There are the agricultural sector is beginning to recover,with tea output surging 15.0% y-o-y in July, though year-to-July production came in 15.8 % lower than in the same period last year, and we are not convinced that the sector will recover by

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