Kenya: Economy grows, but flower exports dwindle

Kenya's economy expanded by 6.3 percent in the second quarter of 2018 compared to 4.7 percent during a similar quarter in 2017, the statistics agency said on Friday.

Zachary Mwangi, Director General of Kenya National Bureau of Statistics (KNBS), said that the growth was against a backdrop of a fairly stable macroeconomic environment and favorable weather conditions.

He said that an analysis by the sector showed that activities of agriculture and electricity and water supply recorded significant improvements to grow by 5.6 percent and 8.6 percent compared to growths of 0.8 percent and six percent, respectively during the second quarter of 2017.

According to the statistics body, the horticultural sector showed mixed performance during the period under review given the volume of exports of fruits increased by 30 percent, while that of vegetables and cut-flowers decreased by 17.8 and 14.7 percent, respectively.

"The value of horticultural crop exports grew from 287 million U.S. dollars in the second quarter of 2017 to 371 million dollars in the review quarter," he added.

Read more at Xinhua


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