World Bank raises Kenya growth outlook to 4.9pc

Construction workers laying down steel frames on an on-going building under construction in Ngara area on March 15, 2024.

Photo credit: Francis Nderitu | Nation Media Group

The World Bank Group has raised Kenya’s economic growth outlook for 2025 on a stronger-than-expected rebound in the construction sector, signalling renewed momentum in public projects such as roads and affordable housing.

In its latest Kenya Economic Update, the global lender projects the country’s GDP —an output measure of all economic activities by the government, companies and individuals— to expand by 4.9 percent this year, an upgrade from 4.5 percent in May.

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