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
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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 |
Latest news
- 13/06/2019 Switzerland gives 3.2 million Swiss francs to African Development Bank’s ‘Boost Africa’ E-Lab and urban development fund
- 17/05/2019 Africa’s digital economy is a pan African responsibility, Rwanda’s President Kagame says at Transform Africa Summit
- 15/05/2019 Kenya: African Development Bank approves EUR 90 million to support the Kenya Mortgage Refinance Company
Knowledge Products
Documents
Useful Links
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