Kenya’s economy is estimated to have expanded by 4.9 per cent in 2017 compared to a revised growth of 5.9 per cent in 2016, the Kenya National Bureau of Statistics (KNBS) said on Wednesday.KNBS blames the slowdown in the economic performance on the uncertainty associated with a prolonged electioneering period last year, coupled with effects of adverse weather conditions.

According to the ‘’Economic Survey 2018”, released in Nairobi, key macroeconomic indicators largely remained stable and, therefore, supportive of growth in 2017.

Additionally, the report noted that interest rates declined due to the impact of their capping that became effective in September 2016.