Uphill task trying to grow the economy
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Nairobi, Sept. 13 -- The William Ruto administration has struggled to grow the economy since taking power a year ago amid a weakening shilling and high debt repayment costs.
The country's gross domestic product (GDP) - a measure of the final value of goods and services- grew at the slowest pace of 3.7 percent in five years during the fourth quarter of last year, which marked Dr Ruto's first full three months in power.
Growth in the first three months of this year was estimated at 5.3 percent, slower than 6.2 percent the year before. This was despite the growth in that period being the fastest in four previous quarters.
Analysts have estimated the economy to have stuttered in the second quarter under the weight of sticky inflationary pr...
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