NAIROBI, Kenya, July 4 – Kenya’s financial development in quarter one (Q1) of 2025 stagnated at 4.9 % in comparison with an analogous interval final 12 months as a consequence of poor efficiency of hospitality, info, and communication, in addition to monetary and insurance coverage sectors, which recorded decelerations.
The Kenya National Bureau of Statistics (KNBS) Quarterly Gross Domestic Product Report reveals that lodging and meals service actions grew by 4.1 % between January and March 2025 in comparison with an increase of 38.1 % throughout an analogous interval in 2024.
The info and communication sector additionally expanded by 5.8 % in Q1 of 2025, which is slower than a 9.2 % enlargement within the earlier interval.
“The Financial and Insurance sector recorded a slower development of 5.1 per cent within the first quarter of 2025 in comparison with 9.6 per cent development within the corresponding quarter of 2024,” the KNBS report reveals.
However, sectors in agriculture, forestry, and fishing, in addition to manufacturing, electrical energy, and water provide, improved within the interval.
For occasion, the manufacturing sector grew by 2.1 % in Q1 of 2025 compared to a development of 1.9 % in Q1 of 2024.
“In the meals manufacturing sub-sector, the expansion was supported by enhanced efficiency of espresso auctions, milk deliveries to processors, manufacturing of sugar and tender drinks,” the info added.
“The quantity of espresso auctioned rose by 39.3 per cent from 14,447.0 metric tonnes within the first quarter of 2024 to twenty,122.0 metric tonnes within the first quarter of 2025.”
“Milk deliveries to processors elevated to 250.6 million litres within the first quarter of 2025 from 218.8 million litres within the first quarter of 2024.”
Similarly, electrical energy and water provide expanded by 3.6 % in Q1 of this 12 months in comparison with 2.8 % in a corresponding interval in 2024.
