Tag: double digit growth
According to latest data from the Controller of Budget in Kenya 25 of the 47 counties spent nothing on development in the first quarter to September, hurting job creation and infrastructure projects in the devolved units. This is a 45 per cent drop compared to the $34.6 million governors spent on development activities in a similar period a year ago. Also, commercial banks are on course to post another full-year of double-digit growth in profits. Moreover, Kenya’s first green bond started trading on the Nairobi Securities Exchange for the first time. Reginald Kadzutu, Economic Analyst joins CNBC Africa for more.
Rwanda saw double digit growth in quarters two and three of last year, prompting the International Monetary Fund (IMF) to revise their growth projections to over 8 per cent for 2019, but what will be the main drivers of Rwanda's economy in 2020? CNBC Africa's Arnold Kwizera talked to economic Analyst, Ted Kaberuka for more.
Rwanda’s economic growth grew by 12.2 per cent from April to June this year, compared to 6.7 per cent in the same period last year, according to the National Institute of Statistics of Rwanda (NISR). But what are the reasons behind this double digit growth? For answers to this, Deputy Director General of National Institute of Statistics Rwanda, Ivan Murenzi joins CNBC Africa for more.