Kenyan Growth Is High But So Are The Risk

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Kenya is now the third largest economy in Sub-Saharan Africa (SSA) after Nigeria and South Africa with nominal GDP of USD66bn expected in 2015. The economy is dependent on agriculture, which accounts for ~30% of GDP and ~40% of exports (Kenya is the world’s leading exporter of black tea). Real GDP growth is currently relatively high, expected to be 5.5% in 2015 driven by investment in infrastructure and high population growth. Kenya’s long-term fundamentals are underpinned by positive demographics. read more