Yatani: Slowdown in sector services hurt Kenya economic growth in 2019
![Treasury CS Ukur Yatani. [PHOTO | FILE]](https://k24.digital/wp-content/uploads/2019/10/UKUR-YATANI.jpg)
Kenya’s economy expanded at a slower pace of 5.4 percent last year, down from 6.3 percent in 2018, Treasury CS Ukur Yatani announced.
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At 5.1 per cent, the 2019 rate is one of the worst third-quarter performances since 2015, only better than 4.5 per cent in 2017.
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Kenya has enjoyed rapid growth in recent years, but critics say it is not enough to lift many citizens out of poverty.
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More worrying is the frequency of reports of companies that are sending home workers, citing oversupply and increased costs.