Kenya’s economy will grow by 4.5% this year as vaccinations and lockdown easing help it recovers from a coronavirus-induced slump last year, although it remained highly vulnerable to the pandemic, according to the World Bank. Growth for the East African nation which relies on farming and services like tourism, is expected to climb to above 5% in the subsequent 2 years. It also urged the government to enhance bank supervision after the quality of assets was hit by the impact of the coronavirus crisis, and to stick to its debt reduction path through raising more revenue and cutting wastage.
Source : CNBC Africa
