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Tuesday, October 5, 2010

Kenyan economy expands 5.4% in Q210

Kenya's economy expanded 5.4 percent in the second quarter from a year earlier, driven by growth in agriculture, construction, manufacturing and the financial sector. The Kenya National Bureau of Statistics (KNBS) said this left first-half growth at 5.2 percent from a year earlier. Seasonally adjusted gross domestic product rose 0.2 percent in the second quarter from the previous three months.  The government has forecast 4.5 percent growth for 2010 as east Africa's largest economy recovers from the fallout from the global economic slowdown, a regional drought and post-election violence in early 2008. KNBS said the construction sector leapt 18 percent in the second quarter from a year earlier, while financial intermediation climbed 16 percent, electricity and water supply was up 14.4 percent and manufacturing expanded 6.8 percent.

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