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World Bank says Kenya's economic growth quickening, reforms needed

NAIROBI (Reuters) - Kenya's economy will grow an estimated 5.7 percent in 2013 before accelerating to 6 percent in 2014, the World Bank said on Monday, but warned structural reforms were needed to improve the business environment and attract foreign investment.
"The economy is still operating below its potential and remains vulnerable to external shocks, which undermines its prospects for growth and poverty reduction. This can be cushioned by increasing both domestic and foreign savings," the bank said in its latest economic update report for Kenya.
Kenya's economy grew by 4.6 percent in 2012, according to the government, lagging its east African rivals.

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