Kenya Economy Grows At Slowest Pace Since 2020

Kenya Economy Grows At Slowest Pace Since 2020

Kenya's economy is expected to grow by 5.4% in 2025, recovering from a slowdown that saw GDP expand just 4.7% in 2024 The Kenya National Bureau of Statistics attributed the 2024 slowdown to tight fiscal conditions, high interest rates, June 2024's protests, and extreme weather events Agriculture grew by 4.6%, financial services by 7.6%, real estate by 5.3%, and information and communication by 7.0%

Kenya’s GDP expands 5.1% in fourth quarter

However, growth is down from 6.1% in the same period a year earlier

Kenya's economy grew 5.1% year-on-year in Q4

Kenya's economy grew 5.1% year-on-year in the fourth quarter of 2024, compared to 6.1% in the same quarter of the previous year, the country's statistics office said on Tuesday.

Deadly Riots Drag Kenya Economy to Slowest Pace Since Pandemic

Kenya’s economy grew at its slowest pace since the coronavirus pandemic after it was battered by deadly protests and floods.

Uganda and Tanzania recorded GDP growth rates of 5.9% and 5.4% respectively in 2024, leading the most dynamic economies of the East African Community (EAC), according to a report published by the Kenya National Bureau of Statistics (KNBS) on 6 May 2025.

Kenya Avoids Tax Increase In New Budget After Deadly 2024 Protests

By Enyichukwu Enemanna Kenya will not increase existing taxes or introduce new ones in the 2025/2026 budget proposals, the finance minister says, following deadly anti-government demonstrations that rocked the East African country last year when the government attempted to raise revenue through taxes. In the youth-led protests of June 2024, at least 50 people were reported dead in confrontations with security forces, forcing President William Ru…