Economy to grow at 5pc, says Moody’s

[Image source: Oliver Lang/dapd]


People Daily | by John Otini


Global Credit Rating agency Moody’s sees Kenya growing by five per cent in 2021 on account of a dynamic economy.

The slightly higher than World Bank projection pins the outlook on lack of energy commodity exports but warns that tourism sector will face a slow recovery.

According to Moody’s, non-energy commodity exporters in East Africa and West Africa will remain the most dynamic economies, with growth driven by domestic demand and high public investment rates…

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[Image source: Oliver Lang/dapd]

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