Tourism
and agriculture recorded the lowest growth in 2014 owing to poor
rainfall and terrorist activities. The National Treasury of Kenya was
downgrade to between 5.3 and 5.6 percent from the expected 5.8 per cent.
Tourism fell a whopping 13.6% in six months. Frequent terrorist
activities also led to a drop in the tourism sector, although the
condition is said to be improving recently.
Kenya’s
Tourism and Agriculture sector will help lift the economic development,
said World Bank in its Global Economic Prospects 2015 report. According
to the report, the national wealth is expected to expand by 6 percent.
"Among
frontier market countries, growth is expected to increase in Kenya,
boosted by higher public investment and the recovery of agriculture and
tourism," the World Bank report said.
This
growth is anticipated to make Kenya above the average set for
Sub-Saharan Africa, excluding South Africa. Tourism and agriculture
documented the lowest growth in 2014 owing to poor rainfall and
terrorist activities. The National Treasury of Kenya was relegate to
between 5.3 and 5.6 percent from the expected 5.8 per cent. Tourism fell
a whopping 13.6% in six months. Frequent terrorist activities also led
to a drop in the tourism sector, although the condition is said to be
improving recently.
"We
had assumed that challenges of insecurity would be resolved faster but
they translated into travel advisories," Cabinet Secretary Henry Rotich
said, "The rain patterns were also erratic."
The
government has also succeeded to mobilise $2.75 billion (Sh250.25
billion) from international investors. The money will be spent on
infrastructural development in transport and energy sectors.
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