kenya economic growth Stories

The projection also represents a significant cut from its earlier forecast of 5.0 per cent growth made in January.

Official statistics from the Kenya National Bureau of Statistics show formal job creation fell to 75,500 in 2024, down sharply from 123,000 in 2023.

The lender credits the upgrade to robust growth in agriculture and vital service sectors, particularly fintech and mobile money.

The country’s resurgent inflation, driven by surging electricity and fuel costs, could force policymakers to consider rate hikes to keep price growth...

This is from Sh15.03 trillion in 2023, representing an eight per cent year-on-year growth.

The country’s GDP growth forecast has received a notable upgrade in the latest economic outlook by the International Monetary Fund (IMF).

The local currency appreciated by 20 per cent against the global benchmark, the US Dollar, over the year, marking the highest gain across the region.

The Index by the economic think-tank The Heritage Foundation ranks Rwanda second in the bloc, with an economic freedom score of 54.8, behind Tanzania,...

The African Peer Review Mechanism (APRM) this week disagreed with Moody's positive rating on Kenya, terming it irresponsible after it revised Kenya's...

KEBS said the 2023 growth was primarily driven by a 19 per cent expansion in agriculture, forestry, and fishing.

The survey found that high lending rates and tight credit underwriting are reducing the demand and uptake of new facilities.