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Kenyan officials fear rising oil prices could spur inflation.
(From Panafrican News Agency (PANA) Daily Newswire)
Nairobi, Kenya (PANA) - Kenyan authorities have expressed fears that the rise in global oil prices might cause inflation trends and dampen economic growth, estimated at around 5 percent this year.
For the time being, according to Finance Minister David Mwiraria, the country was enjoying a stable micro-economic environment, measured by stable bank interest rates, Treasury bill rates and low interest rates.
"The economy is expected to grow at between 4.5 and 5 percent this year. To achieve this, stability in oil prices, low levels of interest rates, continued rehabilitation of infrastructure and …
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