World Bank says Kenyan economy is becoming less productive

The Kenyan economy is becoming less productive with the World Bank projecting that productivity will be a percentage point by the year 2018. The slowing productivity is being blamed on the high cost of land, delays in executing public projects and lack of coherence in public institutions. The World Bank says slower productivity may lead to high inflation, lower tax revenue and pressure on profit margins. The bank projects Kenya’s economy to grow by 5.9 percent this year before picking to 6.1 percent in 2018.