2017 Kenya Economic Survey KNBS. Keeping you informed

Business
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In summary. Ukitaka kusoma the entire 333 page document, link iko hapo chini.

  1. Kenya’s Gross Domestic Product (GDP) is estimated to have expanded by 5.8% in 2016 compared to a revised growth of 5.7% in 2015

  2. Annual average inflation eased to 6.3% in 2016 compared to an average of 6.6% in 2015.

  3. Total enrolment in pre-primary schools rose marginally to 3.2 million while enrolment in primary schools increased by 2.0% to 10.3 million in 2016. Enrolment in Secondary schools rose by 6.3% to 2.7 million during the period under review.

  4. Overall membership of National Hospital Insurance Fund (NHIF) grew by 16.5% to 6.1 million in 2015/16.

  5. Total new jobs created in 2016- 832,900. These are mainly in informal sector

  6. Banking sector including other monetary intermediation declined from a growth of 10.1% in 2015 to 7.1% in 2016.

7)The insurance sector recorded a growth of 5.3% in 2016 compared to 5.0% in 2015.

  1. Overall balance of payments improved from a deficit of Kshs 24.9billion in 2015 to a surplus of Kshs 13.1 billion in 2016

  2. Agriculture registered a decelerated growth of 4.4% in 2016

10)Manufacturing sector recorded a real growth of 3.5% in 2016 compared to a revised growth of 3.6% in 2015

11)The construction industry grew by 9.2% in 2016 from an expansion of 13.9% registered in 2015

12)Receipts accruing to the tourism sector earnings improved to KSh 99.7 billion in 2016 compared to KSh 84.6 billion in 2015, translating to an increase of 17.8%

13)The number of international visitor arrivals rose by 13.5% to 1,339.7 thousand in 2016.

14)The value of output for the transport and storage sector increased by 7.2% from KSh 928.3 billion in 2015 to KSh 994.7 billion in 2016.

  1. Total passengers handled at Jomo Kenyatta International Airport ( JKIA) rose by 9.7% to 7.1 million in 2016 while those handled at Moi International Airport (MIA) rose by 7.6% to 1.3 million during the same period.

16)The value of ICT output increased by 11.1% from KSh 280.0 million in 2015 to KSh 311.1 million in 2016.

  1. The number of mobile money transactions grew by 37.0% from 1,114.2 million in 2015 to 1,526.2 million in 2016. In 2016, there were 928.2 thousand mobile commerce (m-commerce) transactions with a value of KSh 1.8 trillion.

  2. The number of connections under the Rural Electrification Programme (REP) rose by 38.2% to stand at 972,018 customers as at the end of June 2016 from 703,190 customers in 2015.

19)In 2016, the number of crimes reported to the police increased by 6.2% to 76,986. Similarly, the number of persons reported to have committed crime increased by 3.8% to 73,221 in 2016.

  1. The total number of corruption reports forwarded to Office of the Director of Public Prosecutions (ODPP) increased from 117 in 2014/15 to 167 in 2015/16.

  2. The Ethics and Anti-Corruption Commission traced public assets valued at KSh 3.6 billion, recovered assets valued at KSh 420.6 million and averted a loss of assets worth KSh 2.6 billion in 2015/16.

http://www.knbs.or.ke/index.php?option=com_phocadownload&view=category&id=107:economic-survey-publications&Itemid=1181

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I wonder how these jobs were recorded and figures arrived at . Its a clever catchphrase to avoid presenting the proof:D

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So apart from Banking, all other sectors reported above registered growth.

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11)The construction industry grew by 9.2% in 2016 from an expansion of 13.9% registered in 2015.

My projection for 2017 is 5% growth after drugs tap was cut off. More money will go into campaign and thus less to construction. Land prices are way too high due to speculation and banks are not lending.

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@FieldMarshal CouchP kuja uone my generation is helping to curb run away population growth, lakini mkamba singo matha bado anangojea mtoi wako

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Mobile money transactions grew by 37.0% with 928.2 thousand mobile commerce (m-commerce) transactions valued at KSh 1.8 trillion.
While the Banking sector including other monetary intermediation declined by 3.0% the same year. This is directly correlated with the fact that the Bank industry is shifting to the digital space. Soon Banks will resort to eliminating their branches and everything will be transacted at the tip of our fingertips.

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Land prices has stagnated in most parts

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0.1% growth…again remind me…what was their election promise?

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this one i doubt

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Waliuliza nani?

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Bei ya unga iko wapi??

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