Home Breaking Kenya Lost Ksh500 Billion Of GDP in 2020 Due To Covid-19

Kenya Lost Ksh500 Billion Of GDP in 2020 Due To Covid-19

Kenya lost at least Ksh500 billion in terms of GDP in the year 2020 due to Covid-19, President Uhuru Kenyatta has said.

The President also announced that Kenya’s economy had grown by 0.6 percent, against a projection of over 6 percent.

According to President Kenyatta, Kenya’s economy is set to grow by over seven percent in the year 2021, amid Covid-19 effects on the economy.

“During this long year our economy was in distress but as much as it was in distress it did not cave-in, our health system too was overstretched but thanks to God was never overwhelmed, said President Kenyatta.

“The pandemic afflicted and wounded many businesses to the point of collapse, while some are in the mode of recovery many also remained unbowed,” he added.

Even as the President announced the development, the most affected businesses during the period -bars and restaurants – will close by 9pm in containment measures.

The President has also the president extended the curfew (10pm to 5am) by 60 days.

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