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Last update: Mar 29, 2021 Last update: 29 Mar, 2021

Details

Office: Kenya
Address: Khushee Tower Longonot Road, Upper Hill Nairobi, Kenya
E-mail(s): earc@afdb.org
Contact person: Mr. Gabriel Negatu, Director General
Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 27129
Sectors: Agriculture, Civil Engineering, Decentra ... See more Agriculture, Civil Engineering, Decentralization & Local Development, Rural Development, Transport
Nr. of employees: 201-500
Types: Financial Institution Financial Institution
Status: Active

Description

Real GDP grew an estimated 5.9% in 2018, from 4.9% in 2017, supported by good weather, eased political uncertainties, improved business confidence, and strong private consumption. On the supply side, services accounted for 52.5% of the growth, agriculture for 23.7%, and industry for 23.8%. On the demand side, private consumption was the key driver of growth. The public debt–to-GDP ratio increased considerably over the past five years to 57% at the end of June 2018. Half of public debt is external. The share of loans from nonconcessional sources has increased, partly because Kenya issued a $2 billion Eurobond in February 2018. An October 2018 International Monetary Fund debt sustainability analysis elevated the country’s risk of debt stress to moderate.

Country eligibility

No information available

Circumstantial eligible countries

No information available

Tender Management Modes

Financing agencies
AfDBAECID98.2%
RegionsTotal
AfDB54
AECID1