Relaxed Covid rules fail to lift economy

nairobi city county
[Image source: African Arguments | Credit: Nina R.]


Business Daily | by Constant Munda


Kenya’s economy remained in doldrums in the third quarter of 2020 despite progressive easing of lockdowns imposed to curb the spread of Covid-19, new data shows.

The Kenya National Bureau of Statistics(KNBS) said the country’s GDP contracted 1.1 per cent in the July-September 2020 period compared to a similar period a year earlier — marginally defying earlier predictions that the economy had to reached a lowest point in the second quarter and was set to begin rising.

The slump was, however, softer compared with…

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[Image source: African Arguments | Credit: Nina R.]

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