Kenya’s economy is poised to achieve a growth rate of 6.3 percent this year, surpassing the estimated 6.1 percent in 2023, as reported by Reuters citing the country’s Finance Ministry.
This upward revision contrasts with earlier forecasts made in February, which anticipated growth rates of 5.5 percent for both this year and 2023, up from 4.8 percent in 2022. The Finance Ministry’s revised projections for the current and previous years were revealed in the government’s economic plan spanning until 2027, unveiled during an event in Nairobi, the capital city.
The anticipated growth is attributed to the expansion of sectors such as agriculture and small and medium enterprises, according to the economic plan.
