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Manufacturing and ICT hit as growth forecast cut to 4.9pc

The Kenyan economy grew at a slow rate of 4.6 percent last year from 4.7 percent in 2024 on lower-than-expected output from the agriculture sector, which represents one-fifth of gross domestic...

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riotimesonline.com

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businessdailyafrica.comStai leggendo1 mese fa

Manufacturing and ICT hit as growth forecast cut to 4.9pc

Kenya's CBK cuts 2026 growth to 4.9% from 5.3%; ICT to 5.4% (from 6.7%), manufacturing to 1.9% (from 3%), amid Middle East conflict and supply disruption. Downgrade signals compressed IT capex and reduced enterprise spending across East Africa as uncertainty forces budget controls.

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riotimesonline.com1 mese fa

Kenya Inflation Hits 6.7% as Central Bank Trims 2026 Growth Forecast

Kenya inflation hit 6.7% in May as Middle East war drove energy costs to 16%; central bank halted cuts and cut 2026 growth to 4.9%. For tech teams in frontier markets, this signals geopolitical risk: energy shocks weaken currency and compress consumer spending, requiring caution on emerging-market assumptions.

Timeline cronologica

giovedì 11 giugno 2026·businessdailyafrica.com
Manufacturing and ICT hit as growth forecast cut to 4.9pc
The Kenyan economy grew at a slow rate of 4.6 percent last year from 4.7 percent in 2024 on lower-than-expected output from the agriculture sector, which represents one-fifth of…
sabato 13 giugno 2026·riotimesonline.com
Kenya Inflation Hits 6.7% as Central Bank Trims 2026 Growth Forecast
Kenya inflation rose to 6.7% in May 2026 as the central bank held rates at 8.75% and cut its 2026 growth forecast to 4.9%, blaming the Middle East war.