This was an increase to the corresponding quarter of 2023, as the value added by the industry to the Gross Domestic Product (GDP) grew by 1.5 percent. In general, the growth rate of the manufacturing sector in Kenya fluctuated strongly, reaching its lowest value in the second quarter of ...
In Kenya, the revenue generated in the Watches market in 2025 amounts to US$368.10m. This market is expected to experience an annual growth rate of 10.27% from 2025 to 2029 (CAGR 2025-2029). When compared to other countries globally, in the United States generates the highest revenue in ...
CBK’s Bank Annual Supervision Report notes that mobile phone financial services in Kenya experienced a growth rate of 1.67 percent in 2023, mirroring the trend observed in 2022. In 2023, the value of banking transactions through agents decreased from Ksh.1.8 trillion (USD 15.2 billion...
Kenya pension sector growth on an upward trend James Ratemo July 04, 2024 0 Comment Brand Kenya Kenya’s pension assets have grown to over Kshs. 1.7 trillion as at... Read more » Impact of Middle East Conflict on Global Commodity Markets James Ratemo October 31, 2023 0 Comment...
GDP growth over the medium term is expected to remain at around 5%, broadly in line with the pre-pandemic trend and Kenya's estimated potential GDP growth rate. The strong headline GDP growth amid the polycrisis highlights the resilience of the Kenyan economy.Africa Research Bulletin: Economic,...
The benchmark interest rate in Kenya was last recorded at 11.25 percent. This page provides the latest reported value for - Kenya Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic cale
Second, we consider the real GDP growth projections for Kenya in 2024. According to the February Monetary Policy Committee (MPC) media briefing presented by Central Bank governor Kamau Thugge, the real GDP growth in 2023 was estimated at 5.6 percent and is forecast to increase to 5.7 percent ...
Kenya has signed an economic partnership agreement (EPA) with the European Union (EU) on 18 December 2023. Once the agreement is formally ratified by both parties it will result in Kenyan goods gaining immediate duty- and quota-free access to the European market, whereas European goods will ga...
Gross Savings Rate (%) 11.9 2023 yearly 2006 - 2023 Investment: % of GDP (%) 16.4 2023 yearly 1964 - 2023 Nominal GDP (USD mn) 26,869.9 Sep 2022 quarterly Mar 2009 - Sep 2022 Nominal GDP Growth (%) 8.271 Sep 2024 quarterly Mar 2010 - Sep 2024 Private Consumption Expenditure ...
The Kenyan economy bounced back in 2021, recording a GDP growth rate of 7.5 percent. Inflation was, however, a headache to the government in 2022 with the average annual inflation being 9.06 percent, according to the Central Bank of Kenya. ...