A person counting Kenyan money. [Photo/the-star.co.ke]
The World Bank expects the Kenyan economy to rebound in 2018.
World Bank has attributed the rebound to headwinds such as drought, slowing credit access and politics -- that hurt growth this year -- subside.
On Thursday, the bank said that it had cut back it's forecast of the country's growth this year to 4.9 per cent from an earlier estimate of 5.5 per cent.
It expects the east Africa's largest economy to rebound to a growth of 5.5 per cent next year before accelerating to 5.9 per cent in 2019.
"We believe Kenya's economy can rebound and strengthen through specific measures that safeguard macroeconomic stability, enable the recovery of private sector credit growth, and mitigate the impact of future adverse weather conditions on the agri sector," said Diarietou Gaye, World Bank Country Director for Kenya.
The economy has witnessed shocks this year that forced the government and international monetary fund to scale down their growth projection.