Central Bank of Kenya governor Patrick Njoroge. [Photo/The Star]
Central Bank of Kenya (CBK) Governor Patrick Njoroge has revealed three sectors that managed to keep the country's economy afloat during the long turbulent political period that faced the nation.
Njoroge, says the services sectors of wholesale & retail, transport & storage and real estate have exhibited strong growth to counter the sluggish performance of manufacturing and agriculture.
“These three services sectors are mainly driven by the small and medium businesses and they really have been the backbone of the resilience and recovery,” said Njoroge.
The governor further says local investors have done a tremendous job in sustaining the economy despite the political environment that clouded the country since early 2017.
The economy is expected to grow at 5.1 percent in 2017, with the three SME-driven sectors contributing 18 percent to the GDP