Tues 9th August 2022, Election Day
Look Jubilee will beat Kibaki on GDPhttp://www.businessdailyafrica.com/Initial-work-on-new-rail-to-raise-GDP-6-9pc-in-2015/-/539552/2524366/-/lvew5ez/-/index.html
GDP measures and calculations always throw me for a loop. Do they mean SGR will contribute 6.9% growth in GDP by itself, or do they mean the total GDP growth will be 6.9% because of SGR? Is this stuff based on the rebased GDP?
It quite simple. Kenya economy is about 55b usd or 4.5 trillion kshs. Chinese are investing 370B on railway for next 3yrs. That is about 4B USD or maybe 1B per annum...some of it will go back to china (in terms of expat salaries bla bla). Think 1% of 55B..is about 0.5B...so this SGR will add anything upward of 1-2% to the GDP.