Yatani: Slowdown in sector services hurt Kenya economic growth in 2019

By , K24 Digital
On Tue, 28 Apr, 2020 13:01 | < 1 min read
Treasury CS Ukur Yatani. [PHOTO | FILE]
Treasury CS Ukur Yatani. [PHOTO | FILE]
Treasury CS Ukur Yatani. [PHOTO | FILE]

Kenya's economy grew 5.4 percent last year, down from 6.3 percent in 2018, Treasury Cabinet Secretary Ukur Yatani said.

The Treasury boss said that the pace of economic activity was hurt by slow growth in agriculture, building, construction and manufacturing.

CS Yatani made the comments on Tuesday, April 28, during the release of Kenya's Economic Survey 2020 in Nairobi.

Growth in agriculture slowed to 3.6 percent compared to six percent in 2018. The sector accounted for more than one-third of Kenya's national GDP.

Reduced activity on the standard gauge railway project was linked to the 0.3 percent decline in growth in the building and construction sector.

On the other hand, the manufacturing sector slowed to 3.2 percent from 5.3 percent in 2018.