KENYA’S ECONOMIC SURVEY FOR 2005
May 25, 2006 at 11:52 pm 9 comments
The Kenya Economy survey for 2005 was released yesterday and as excepted the government was patting its back as it reported an impressive 5.8 % growth in 2005.
The performance as reported has not been experienced for the last 10 years.
ECONOMIC OUTLOOK FOR 2005
STATISTICS AT A GLANCE
EMPLOYEMENT
458,000 NEW JOBS, representing a 5.9% increase.
HEALTH
4,912 FACILITIES
EDUCATION
7.6 Million enrolled in school
TOURISM AND HOTEL.
Grew by 13.3% to earn Sh48.9 Billion in 2005 compared to Sh38.2 billion in 2004.
1.5 million tourists arrived in 2005 compared to 1.4 million in 2004.
AGRICULTURE
Grew by 6.7% compared to 1.4% in 2004. coffee production declined by 6.6% from 48,400 tonnes in 2003/04 to 42,200 tones in 2004/05.
Horticulture exports grew by 19.2% in 2005 injecting sh38.8 billion from 163.2 million tones compared to sh36 billion in 2004.
Maize production increased grew by 11.4% from 29 million bags 2004 to 32.3 million bags in 2005.
Wheat production grew by 45.8% in 2005 to net 128.7000 tonns
Tea production increased from 324.6,000 tons in 2004 to 328.5,000 tons in 2005.
Rise Production grew from 47.6 thousand tons in 2004 to 62.7 thousand tons in 2005.
Pyrethrum production dropped from 41.9 tons in 2004 to 16.4 tons in 2005.
MANUFACTURING
Grew by 5% compared to 4.5% in 2004. it created 5,500 jobs compared to 2,200 in 2004.
Leather and footwear sub sector declined by 4.3% in 2005 compared to a drop of 24% in 2004
BANKING SECTOR
Pretax profit by 47.8% to stand at sh20.1 billion in 2005 compared to Sh13.6 billion in 2004.
Interest income rose from Sh26.3 billion to sh39.7 billion.
Banks lending to private sector grew stood at 294.9 billion representing and increase of 18.5% in 2005.
Borrowing by manufacturers dropped to Sh62 billion from Sh63 billion in 2004.
Public sector lending dropped from Sh14.8 billion in 2004 to Sh13.5 billion in 2005.
Non interest income from fees and commissions grew by 17.85 to stand at sh19.9 billion compared to sh16.9 billion in 2004.
BUILDING AND CONSTRUCTION
Cement production rose by 10.9% in 2005 to stand at 1.5millom tones compared to 1.4 million tones in 2004.
TRANSPORT AND COMMUNICATION
Grew by 16.5% to earn the country sh329.9 Billion in 2005 compared to Sh283.2 billion in 2004.
Mobile phone industry subscription base grew by 56.9% to 5.6 million in 2005 compared to 4.3 million in 2004.
400 million sms’ were sent from the Kencell and Safaricom in 2005.
Newly registered motor vehicles rose from 42,482 in 2004 to 45,653 in 2005.
Entry filed under: Business.
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bizkenya 
1.
pesa tu | May 26, 2006 at 12:54 am
I wonder if the growth is pro rich or pro poor because everyone i talk to seems to feel they have no money.
Otherwise nice site
2.
BizKenya | May 26, 2006 at 2:51 am
hi pesa tu, I feel the same, if you equate in with your earnings, what does a 5% increase in your salary represent? would you feel the difference?
3.
AK | May 26, 2006 at 4:53 am
i guess by the time the common mwanainchi will feel the difference, the GDP would be at about 10% in real terms.
the construction industry is likely to advance steadily. I just hope that more emphasis will be placed on quality as well.
Otherwise, good for the country and good for our psyche.
4.
alexcia | May 26, 2006 at 6:05 am
So what do think the real growth is…after taking care of inflation and population growth.
I also notice alot of the “growth” is not sustainable i.e based on agriculture…which flactuate according the the rains…horticulture depends on the sunshine etc
5.
kamujinga | May 29, 2006 at 2:37 am
It will take quite a while before the benefits finally trickle down to the mwananchi huko mtaani. But no one was never going to fix overnight the rot that had taken decades to take hold.
Another five years like this and we will finally begin to get out of the woods and begin to get a positive view on the future.
I just hope we do not get into fiscal indiscipline next year (with elections) and that the transparency slowly establishing itself continues to strengthen.
Then we will have a bright future.
6.
BizKenya | May 29, 2006 at 3:20 am
If we were to analyse the economic growth of the country basing on what the Stats used by the KANU govt, then, the growth would be less this year, maybe 4%
We however expects mo next year as the agricultural sector is likely to have a boom this year due to the long and sustainable rais we have experienced. Also with the revival of the Kenya Meat Commission, we expect the livestock industry to grow.
all in all, the Narc govt has done a good job but more should be done in the roads and communication sector.
We also need to reduce the govt, spending on luxury and also reduce the cost of power.
7.
BALU SHINGOTE | August 6, 2006 at 3:45 pm
FLORICULTURE
8.
chelimo | October 6, 2006 at 6:51 am
Kenya is still far from development. The Politics of kenya hinder the development
9.
ajwang kotah | November 1, 2006 at 8:33 am
we need to be realistic when it comes to GDP ,coz for example when i take a look at employment sector ,it has no value to the common raia. We might boast 5.9 per cent yet it has no impact on tyhe ground.Let us be honest and stop taking Kenyans for a ride just because we have a new rigime that is taking nowhere.