Agriculture holds up decelerating economy
Kenya’s economic performance for the three months period to March 31 expanded by 5.3 per cent compared to 6.2 per cent same period last year on improving agriculture output.
The agricultural sector expanded, from 1.7 per cent to 5.8 per cent, supported by favourable weather conditions that led to enhanced production in food crops.
Growth in key sectors was weighed down by high inflation, which dampened demand for goods and services. Inflation rose to an average of 9.13 percent from 5.34 per cent in the first quarter of the previous year while the Kenyan Shilling depreciated against most of the major foreign currencies.
Most sectors dipped slightly from last year including construction whose growth halved, ICT, accommodation and food services, electricity and water storage and transport.
