(Reuters) - Kenya's new central bank governor forecast economic growth of 8 percent by 2008 and defended the shilling's recent strong rise, saying it was underpinned by a financial boom over the past three years.
East Africa's biggest economy expanded by more than 6 percent in 2006, up from 5.8 percent growth in 2005, according to government data. The finance minister in February forecast growth of at least 6 percent in 2007.
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