The World Bank has upgraded Kenya’s economic growth forecast for this year to 4.9 per cent, up from 4.5 per cent previously, with President William Ruto’s administration expecting to maintain this rate for the next two years. This positive outlook is primarily attributed to a strong recovery in the construction sector, despite earlier slowdowns in 2024.

• The World Bank increased Kenya’s economic growth projection to 4.9 per cent, with expectations of maintaining this rate for the next two years.
• The accelerating growth in the construction sector, which experienced a sharp decline in Q1 2024, is a major factor in the improved outlook.
• President Ruto stated that the country’s economy is expanding between 5 per cent and 5.8 per cent, a projection supported by leading financial institutions like Citigroup and J.P. Morgan for 2026.