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Kenya : Market update H2 2014

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Kenya : Market update H2 2014

In September of 2014, Kenya National Bureau of Statistics revised the country’s GDP for 2013 from KES 3.8 trillion to KES 4.76 trillion. As a result, the growth rate in 2013 was revised from 4.7% to 5.7% leading to a 25% increase in the value of the Kenya economy.

However, in the Q3 of 2014, the economy expanded by 5.5% year on year down from 6.2% in the corresponding period in 2013. This boost has been attributed to an increase in construction, manufacturing and insurance activities (CBK 2014).

Source : Knight Frank

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Keywords : Knight Frank