Kenya’s economy posts slowest Q3 growth since 2020, expanding by 4%

Kenya’s economy grew by 4% in Q3 2024, marking its slowest expansion in four years. This slowdown was recorded despite a stronger shilling and easing inflation. The 4% growth rate is a sharp decline from the 6% recorded in Q3 2023, according to the Kenya National Bureau of Statistics (KNBS).

KNBS highlighted that most sectors contracted during the review period, underscoring the tough…