World Bank dims Kenya’s growth to 5.5% in 2017
The World Bank has revised its economic growth projections for Kenya to 5.5 percent in 2017, down from an initial target of 6 percent. The revision is based on the ongoing drought and slowdown in private sector credit that is seen stalling growth during the year.
The World Bank’s Kenya Economic Update indicates that rising crude oil prices are also likely to dampen growth prospects.Kenya is a net importer of oil.
“Given the headwinds from the ongoing drought, weak credit growth and pick up in oil prices, GDP growth is expected to decelerate to 5.5 percent in 2017,” the World Bank said.
The Breton woods institution however said growth was expected to pick up in 2018 with a projection of 5.8 percent GDP growth.
7 bandits killed in Baringo security operation
At least seven bandits were killed by police during a security operation in Tiaty, Baringo County late Tuesday, April 11.
One police officer was also shot and seriously wounded as they engaged the gunmen in Nasorot, a remote village in the volatile region where Pokot and Marakwet clans have been fighting prompting the military deployment.
“The seven bandits were killed but there are many more who are believed to have escaped with serious injuries,” one senior police officer from the region said, “the death toll is likely to rise.”
An AK-47 rifle was recovered from the Pokot bandits who are said to have been planning a raid on villages to drive away livestock, according to police. Such raids have since January left more than 50 people dead, including women and children.
Police service to receive 1000 new housing units
1000 housing units earmarked for use by the Kenya Police Service are set to be handed over to the service boosting the long overdue effort to provide proper housing for the police.
Already, the first batch of the 250 housing units has been handed over to the service which for years has lived in poor and dilapidated structures.
According to the PS for Housing and Urban development Aidah Munano, plans are underway for another 1,000 units in the coming financial year.
Munano added that they expected the new houses to be constructed faster than the current ones as they were now using new and technology.
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