Manufacturing and ICT hit as growth forecast cut to 4.9pc
Nairobi, June 11 -- Kenya's manufacturing and ICT sectors are set to bear the brunt of the US-Israel war with Iran, even as the economy is seen growing at a softer pace this year on uncertainties.
The Central Bank of Kenya (CBK) has cut its economic growth forecast for 2026 by 0.4 percentage points to 4.9 percent, down from 5.3 percent previously on the implications of the war.
"The growth of the economy is projected at 4.9 percent in 2026 compared to our previous projection of 5.3 percent, and this downward revision mainly reflects the continued uncertainty and implications of the conflict in the Middle East on the performance of some of the key sectors," CBK Governor Kamau Thugge said.
The ICT sector is expected to grow by a slower r...
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