Kenya's economy likely to be under sharp pressure

Kenya’s economic growth is likely to come under sharp pressure from the current crisis in the banking industry and austerity measures imposed by the National Treasury. A report by consulting firm Mentoria indicates that the situation will also be compounded by poor growth in key markets in the world. The report is urging the national treasury to increase development expenditure to spur economic activities as the central bank conducts a stress test to forestall future crisis in the banking industry.