Africa

Details

  • Type: Business and industry issue
  • Date: 7/22/2013

Kenya

A member of KPMG Africa Limited and part of KPMG in East Africa. Access the country website, www.kpmg.com/eastafrica

KPMG Kenya 2013 Budget Brief 

Kenya experienced a marginal increase of the real GDP growth rate from 4.6% to 5.6% in 2012. The growth is largely attributed to improved performance of the agricultural sector which contributes over 25% of the total GDP.
KPMG Kenya 2013 Budget Brief
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The contribution to GDP from the other sectors remained largely unchanged or decreased during the year. Other factors contributing to growth include stability of the Kenya shilling and the macroeconomic environment with inflation and interest rates recording significant decline during the year.