Country profile Kenya 2015
Published
2016-03Author(s)/Corporate Author (s)
Martins, Pedro;United Nations. Economic Commission for Africa. Subregional Office for Eastern Africa;
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While economic growth slowed somewhat, from 5.7 per cent in 2013 to 5.3 per cent in 2014, the outlook for the Kenyan economy remains broadly positive. The main macroeconomic indicators remained relatively stable in 2014. Despite declines in the prices of fuel, electricity and some food commodities, consumer price inflation rose slightly, but remained within the Central Bank target. Meanwhile, 2015 has brought some risks and uncertainty. In particular, the Kenyan shilling depreciated considerably over the first half of 2015. There have been important achievements in the social dimension, although the lack of recent household data precludes a timely assessment of living conditions especially household incomes. Significant improvements in maternal and child health has been observed. In order to accelerate and sustain economic growth which is crucial to improving living standards, Kenya will require a much stronger and dynamic industrial sector. Boosting competitiveness, increasing productivity and strengthening local production capacities will be key to revitalizing the manufacturing sector. In this regard, it will be crucial to scale up investments in transport infrastructure and energy, with a view to reducing production costs and facilitating regional trade. Moreover, raising firm productivity will require strong investments in vocational skills, adequate funding for research and development, and technological upgrading.
Citation
“Martins, Pedro; United Nations. Economic Commission for Africa. Subregional Office for Eastern Africa (2016-03). Country profile Kenya 2015. Addis Ababa:. © UN. ECA,. https://hdl.handle.net/10855/23090”Collections
- Economic Statistics [2482]
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