NAIROBI (The Southern African Times) – Kenya’s economy shrank for the first time in three decades last year as the country was battered by the coronavirus pandemic, and almost 740,000 people were thrown out of work, a new government survey said.
Gross domestic product in the East African powerhouse dropped by 0.3 per cent — the first contraction since 1992 — after expanding five per cent in 2019, according to the report issued Thursday 9 September.
However, Treasury Secretary Ukur Yatani said that the economy was set for a “significant rebound” in 2021, with forecast growth of around six per cent.
