Kenya's current path in handling the Covid-19 pandemic in 2021 has shown positive effects in the economy, this compared to the same period in 2020. This means that measures such as locking down the country or tax cuts have a great impact on an economy. Kenya's economy is expected to expand at the fastest rate compared to her peers in Africa, IMF also noted in the outlook. According to the Sub Saharan Africa projections, Kenya's growth will be the fastest followed by Burkina Faso which is expected to rebound to 7.5 per cent from negative growth of 8.3 per cent last year. IMF first alluded to Kenya's fastest growth projection in a statement justifying the board's decision to grant the country the disputed $2.34 billion facilities.
Source: The Star May 05, 2021 00:56 UTC