Driven by modern services, Kenya’s economic performance has improved significantly over the past decade, according to a new World Bank report released today.
The 2016 Kenya Country Economic Memorandum (CEM): “From Economic Growth to Jobs and Shared Prosperity, takes a bird’s-eye view of Kenya’s economy, zooms in on some of the key bottlenecks, and proposes some “how-to” ideas.
Between 2006 and 2013, 72% of the increase in gross domestic product (GDP) came from services, the report notes. Expansion in services such as financial intermediation and mobile communications have also stimulated demand for other services, such as trade, according to the report.Read more. Source | WorldBank