Kenya’s central bank (CBK) projects that the nation’s economy will experience accelerated growth, reaching 5.6% in 2025 . This represents a slight increase from the estimated 5.4% growth expected in 2024 . This growth is expected to be largely driven by the service sector and household consumption .
However, it’s worth noting that other sources provide slightly varying figures. For instance, one report indicates that GDP growth decelerated to an estimated 4.5% in 2024, following a 5.6% rebound in 2023 . Another source mentions the economy grew by 5.6% in 2023 [1230]. The CBK has been actively managing monetary policy, including recent rate cuts , to support economic activity. The bank anticipates inflation to fall to 6.2% in 2024 .
While various sources offer slightly different figures, the overall outlook for Kenya’s economic growth remains positive. The projected growth, driven by key sectors, signals continued economic development in the region.
Read also: S. Sudan Accepts US Deportee Amid Visa Fallout