Browsing: Manufacturing Priority Agenda 2021

The Kenyan economy contracted by an estimated 1 per cent in 2020 compared to a 5.4 per cent growth in 2019 according to the World Bank.

The contraction came in as the economy took a hit from Covid-19 which led to reduced consumer demand both globally and locally, disruption of supply chains, job losses coupled with the Covid-19 prevention measures announced by the government.

Most economic activities in the service sector that demand manufactured goods such as the hospitality industry came to a near halt.

Read: Evaluating Kenya’s new digital economy blueprint

There is optimism that there will be a recovery in 2021 with economic output forecasted to rebound with real GDP increasing by 6.9 per cent on the assumption that there will be increased domestic and global demand following the easing of containment measures and increased international travel.

The East African economy is expected to experience normal weather that …