Africa

Kenya's finance minister lowers 2020 economic growth projection

25 November 2020 - 10:34 By Reuters
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Kenya's Finance Minister Ukur Yatani.
Kenya's Finance Minister Ukur Yatani.
Image: REUTERS/Jackson Njehia/File Photo

Kenya's economy is expected to grow by 0.6% this year, the finance minister said on Wednesday, lowering the Treasury's previous forecast of more than 2% growth due to a worse than expected outturn for the first half.

Growth is expected to rebound to 6.4% in 2021, Ukur Yatani told a meeting to start preparations for the government's budget for the next financial year. 

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