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Kenya’s 2010 economic performance and outlook for 2011

In 2010, Kenya has seen the return of higher growth projected at 4.9 percent, and may now be at a tipping point for robust growth.

Since 2000, Kenya’s economy grew at an average of 3.7 percent. Without ICT, growth in 2010 would have been a lackluster 2.8 percent-similar to the population growth rate—and income per capita would have stagnated. Over the last three decades Kenya has experienced only two short episodes when economic growth exceeded five percent and was sustained for at least three consecutive years: 1986-88 and 2004-2007. Economic growth in 2011-12 could range between 5.3 and 6.0 percent if no shocks occur. Public sector investments in infrastructure will help to stimulate this growth.

Kenya is now among the select group of countries-including Ghana, Tanzania, Zambia, Mozambique and Uganda, to be rated as emerging markets by the IMF.