By George Mwangi
Special to Dow Jones Newswires
Kenya’s economy is expected to grow by 5.9% in 2022 following an 8.0% expansion in the prior year, the country’s Central Bank Governor Patrick Njoroge said Thursday.
In November, the bank projected the economy to grow by 6% in 2021 and 6.4% in 2022.
Economic growth is expected to slow in 2022, largely due to increased political activities during an election year, Mr. Njoroge said during a virtual press briefing.
Kenya will hold national and local elections in August.
Despite the projected slowdown, “the economy is expected to remain strong in 2022, supported by continued strong performance in the services sector, recovery in agriculture, and an improvement in global demand,” Mr. Njoroge said in a statement late Wednesday.
Exports of goods have remained strong, growing by 11.1% in 2021 compared with the prior year, he said.
Kenya’s arabica coffee export…
