Kenya's private-sector credit reached an all-time high of KSh 3.96 trillion in September 2025, signifying a strong recovery from a 2024 slowdown. This growth marks the first sustained increase since mid-2022, driven by lower lending rates and increased demand across key sectors.

• Private-sector lending grew 5.0% year-on-year, up from 3.3% in August, as reported by the Central Bank of Kenya (CBK).
• Average commercial bank lending rates fell to 15.1% in September from 17.2% in November 2024, following eight consecutive Central Bank Rate cuts.
• Credit expansion was broad-based, with Building and Construction loans surging by 52.9% and Manufacturing lending rising by 11.1%.