According to Global Exchange coverage by CNN, Kenya is among five other countries in the African continent to be doing remarkably well with a GDP growth of 5.6. While Nigeria tops the list with a growth rate of 8.7, Saudi Arabia & Egypt have a long way to go with a not so impressive growth rates hovering around 4.5.
Says the Global Exchange report on CNN website: Kenya, with its population of just over 41 million, has acted as a trade hub in the African region, but has faced problems with corruption. Its last elections were marred by violence, and it has suffered through the financial crisis in part due to remittance payments dropping. It is tracking toward economic growth of 5.8 percent in 2011, after slumping through 2008 and 2009.
India, with whom Kenya’s co-operation has increased over the years seems to be pretty well with a 10 percent growth only to be preceded by another Asian super power China with a growth of 10.3 percent.
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