The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
Kenya
Kenya Economic Outlook
Real GDP grew an estimated 5.9% in 2018, from 4.9% in 2017, supported by good weather, eased political uncertainties, improved business confidence, and strong private consumption. On the supply side, services accounted for 52.5% of the growth, agriculture for 23.7%, and industry for 23.8%. On the demand side, private consumption was the key driver of growth. The public debt–to-GDP ratio increased considerably over the past five years to 57% at the end of June 2018. Half of public debt is external. The share of loans from nonconcessional sources has increased, partly because Kenya issued a $2 billion Eurobond in February 2018. An October 2018 International Monetary Fund debt sustainability analysis elevated the country’s risk of debt stress to moderate.
Key Facts
| Flag: |  |
| Capital: | Nairobi |
| Area: | 580,000 sq km |
| Total Population 2017: | 48.5 Million |
| Urban Population 2017: | 73.50% |
| Female Population 2017: | 49.70% |
| GDP: | US$ 77.3 Billion |
| GNI Per Capita 2015: | US$ 1,340 |
| Inflation Rate: | 5.50% |
| Crude Birth Rate (per 1000): | 33.00% |
| Human Development Index (rank / 188): | 146 |
| Human Development Index (scale 0 to 1): | 0.555 |
| Membership Date: | 10/09/1964 |
| Cumulative Approvals (1967-2016): | UA 2.6 Billion |
Activity
23/10/2018 - One Stop Border Post – TANZANIA - KENYA
20/07/2018 - Statement by Dr. Akinwumi A. Adesina, Chairman of...
22/05/2017 - Samuel Rigu, Safi Organic Ltd. Kenya
Project Portfolio
| Reference | Project | Status |
|---|---|---|
| P-KE-EB0-010 | NAIROBI RIVERS BASINS REHABILITATION RESTORATION: SEWERAGE IMPROVEMENT PROJECT-PHASE II Categories: Kenya, Water Supply & Sanitation | ApprovedAPVD |
| P-KE-AAD-005 | GREEN ZONES DEVELOPMENT SUPPORT PROJECT-PHASE 2 Categories: Kenya, Agriculture & Agro-industries | ApprovedAPVD |
News
- 16/04/2019 - African Development Bank: Manufacturing key to boost economic growth and job creation in East Africa – Regional Economic Outlook Report
- 04/04/2019 - African Development Bank and Microsoft launch All-female Coding training in Nigeria
- 03/04/2019 - African Development Bank to convene workshop on Portfolio Improvement
Resources
Documents
Contacts
East Africa Regional Hub (RDGE)
African Development Bank Group
Khushee Tower
Longonot Road, Upper Hill
Nairobi, Kenya
Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938
Mr. Gabriel Negatu, Director General
Kenya Regional Hub
Ms. Nnenna Nwabufo, Deputy Director General