Kenya Freight Transport Report 2016
Although Kenya's GDP will continue to grow through 2016 and into the medium term, trade growth figureswill start from a weak position with both imports and exports shrinking until they recover into positivegrowth in 2017. That said, the major transport sectors will remain in positive growth over the entire period,buoyed up by investment and a growing economy.
0Despite increasing headwinds, economic growth in Kenya looks to be picking up. Data from the KenyaNational Bureau of Statistics showed that real GDP grew by 5.5% y-o-y in Q215 from 4.9% in Q115.
Currency depreciation and monetary tightening are still having an effect and should maintain strong growth.
In addition, the diversification in the economy has lowered its exposure to a downturn in commodity pricesand a slowdown in China and confidence in the country is strong. Sectors such as construction, financialservices and wholesale and retail trade have been buoyed by resilient domestic consumption andgovernment spending on major infrastructure projects.
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