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Kenya to Lower Growth Forecast as Drought Cuts Food Output
NAIROBI (Capital Markets in Africa) – Kenya will cut its growth forecast to reflect the impact of a drought that slashed agricultural output in East Africa’s biggest economy and left the country short of its staple food, Treasury Secretary Henry Rotich said. Economic growth will probably be 5.7 percent this year, compared with an earlier estimate of 5.9 percent to 6 percent, Rotich, 48, said in an interview Wednesday at his office in the capital, Nairobi. The…
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