It is not merely bad luck that has come in threes for Kenya’s economy this year. It has faced full-blown crises in triplicate – post-election violence, soaring food and fuel prices and the near collapse of the global financial system.
So far, it has weathered the stresses fairly well. The latest official forecast from the government is that the economy will grow between 4.5 and 6 per cent this year, and some business people still champion the “resilience” of the private sector.
