Kenya’s economic growth slowed down to 5.6% in the first quarter of 2019 compared to 6.5% over the same period in 2018, according to the Kenya National Bureau of Statistics (KNBS). The Gross Domestic Product (GDP) decline is attributed to less money in circulation and underperformance from the agricultural sector, which is one of Kenya’s strongest sectors historically, due to unfavourable weather conditions. Prolonged drought earlier in the year led to food shortages in several counties, resulting in additional expenditure through government intervention. The agricultural sector’s growth slowed to 5.3% in the first quarter of 2019 compared to 7.5% over the same period in 2018. The World Bank predicts that the country’s GDP growth will reduce to 5.7% in
2019.