Tegemeo at the 2014 Economic survey report launch

The Institute was this year represented at the official launch of the 2014 Economic survey report presided over by Ms. Anne Waiguru, the Cabinet Secretary, Ministry of Devolution and Planning.

Significant performance indicators were highlighted during the meeting. Key among them is that in the Agriculture sector, the overall growth in 2013 declined to 2.9 percent from the revised growth of 4.2 per cent in 2012.This was attributed to erratic rainfall performance in both seasons in the country. Despite the depressed growth, the sector still remains the highest contributor to the country’s GDP at 25.3% followed by wholesale and trade at 10.2%.

The report indicates that Inflation dropped to 5.7% from the average of 9.4% in 2012. This was attributed to improved supply of food products and stability in petroleum prices across the year 2013. Moving forward, the government proposed four policies targeting the Agriculture sector including; investment in a local fertilizer factory to reduce input costs, investment in irrigation to decrease dependence on rain-fed agriculture, investment in value addition plants (one per county), and establishment of special economic zones to encourage trade.

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