Briefs Kenya trims GDP growth forecast

KENyA'S economy is expected to expand by 5,8% in 2023, a slower pace than the previously forecast 6,1% because of lower growth in the agricultural sector, Central Bank Governor Patrick Njoroge said on Thursday this week. Kenya, like others in the region, is emerging from the worst drought in four decades. It has also seen a jump in the prices of basic commodities and is suffering from the effects of a weaker currency and heavy public debt load. "We scaled down agricultural growth which has brought down our projection for overall growth in 2023," Njoroge told a news conference. Last week, President William Ruto said the government was working with the central bank to revive the interbank foreign exchange market, which has been inactive in recent years because of what traders say was aggressive policing by the central bank. — Reuters.