Analysts expect Kenya's economy to grow by 4.1% in 2009, partly due to falling prices for commodity imports. The risks in 2009 are that prolonged dry weather and a global slowdown may hurt key agricultural export sectors and tourism.
Last year’s spike in the price of crude and commodities such as fertiliser drove up Kenya’s import bill — a factor blamed for the shilling’s weakness in the second half of 2008.
Like neighbours Tanzania and Uganda, the financial crisis forced Kenya to shelve plans to issue a debut $500 million Eurobond. It is now planning to raise 18 billion shillings locally through infrastructure bonds.
Showing posts with label Kenya. Show all posts
Showing posts with label Kenya. Show all posts
Thursday, January 22, 2009
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