Details

  • Type: Business and industry issue, KPMG information
  • Date: 6/30/2015

KPMG Kenya Budget Brief 2015 

The world real Gross Domestic Product (GDP) growth rate averaged 3.3% in 2014. The East Africa Community countries were among the best performers even though their growth rates were well below the target growth rates necessary to achieve upper middle income status for Kenya and middle income status for the other four countries.
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In 2014, Tanzania and Rwanda were the best performers in the region with growth rates of 7.2% and 6.0% compared to Kenya, Uganda and Burundi which grew at 5.3%, 5.9% and 4.7% respectively.

 

Across East Africa, the Finance Ministers read from the same scrip with focus on creating a conducive business environment underpinned by investments in infrastructure and social services such as health and education.

 

The political uncertainties rocking Burundi are likely to affect the budget process in the country putting a huddle in the country’s efforts to gain normalcy.