The economic survey data shows that the country’s financial sector grew at 5.6 percent in 2018 compared with 2.8 percent the previous year.

Fastest growing

Kenya, East Africa’s richest economy, is one of the fastest growing areas on the continent but its performance is often hit by drought.

Violence after a December 2007 presidential election and disputes over the following two polls led some investors to scale back investment, hurting growth.

Missed revenue targets, rising public debt and uncontrolled expenditure have also emerged as concerns for investors in recent years.

The World Bank trimmed its 2019 economic growth forecast for Kenya to 5.7 percent from an earlier forecast of 5.8 percent due to a delayed onset of the main rain season.

The government expects the economy to grow by 6.3 percent in 2019, President Uhuru Kenyatta said earlier this month.