KIBAKI TENA LOBBY IN DIASPORA
[Business & Economy]

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::: ECONOMY

The Kenyan economy sustained its growth momentum with an estimated real growth of 6.0% in 2006 compared to the previous year’s 5.8% growth. The review year’s robust performance manifested itself in the sustenance of the economy’s recovery for the fifth consecutive year, the previous growth rates being 0.6%, 3.0% and 4.9% for 2002, 2003 and 2004 respectively. The economy’s continued expansion, particularly in tourism, telecommunication, energy, construction and manufacturing, has been a reflection of sustained macroeconomic stability, ongoing structural reforms by the Government as well as increased investor confidence.The agricultural sector, particularly tea, continues to dominate the economy’s exports on account of improved prices.

Some of the highlights of the past five years include:
The economy’s total exports for the year to November 2006 increased by USD 164 million to USD 3.4 billion, with tea, coffee and horticulture accounting for 38% of the total exports for the period.

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