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Kenya economy to grow 5.7pc in 2011/12
NAIROBI : Kenya 's economy is expected to grow by 5.7 percent in 2011/12 (July-June) from 5.4 percent in the same perio
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"A rebound in regional and global demand supports tourism, and a dynamic private sector has spurred investment and an acceleration of growth across all non agricultural sectors," the IMF said in a statement late on Thursday.
It said that the shilling's depreciation reflected strong domestic demand and high oil prices.
The shilling closed trade at 89.85/95 against the dollar on Thursday after hitting 90.00 earlier, weaker than Wednesday's close of 89.70/80.
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