The Kenya economy slowed in 2022, according to the statistics agency on the backdrop of prolonged dry weather conditions, general elections and elevated inflationary pressures.
The Kenya National Bureau of Statistics said expansion in economic activity slowed by 2.8 per cent to 4.8 per cent in 2022 from 7.6 per cent in a similar period in 2021.
“While the value of production in some sectors was high, volumes were below 2021,” KNBS Director-General MacDonald Obudho said.
“2022 was marked by many negative shocks from the supply side. The persistent shocks which are still present, created permanent negative effects impacting economic activity and the cost of living,” Kenya’s Treasury Cabinet Secretary Njuguna Ndung’u said.
“The economic survey will inform a raft of measures on policy reforms to support economic activity and address the cost-of-living concerns,” he added.
