NCBA Forecasts 5% Economic Growth for Kenya in 2025


 NCBA Group has projected that Kenya’s economy will expand by 5 percent in 2025, supported by improved private sector credit growth, stable inflation, and higher fiscal spending.

Speaking during the NCBA Economic Forum in Nairobi, Group Managing Director John Gachora said the outlook remains positive despite global uncertainties, urging continued policy coordination and prudent public spending to sustain growth.

Gachora highlighted that high public debt servicing—KES 509 billion out of KES 554 billion collected in the first quarter—continues to constrain development spending. He also warned that slower growth in major global markets could weigh on Kenya’s exports and remittances.

He added that the manufacturing sector will see mixed performance in 2025, with the food sub-sector expected to remain resilient. On exports, global coffee prices are projected to trade at multi-year highs of around USD 7.00 per kilo, while horticultural exports will remain stable following the EU’s extension of deforestation regulations for small and medium enterprises.

The forum also underscored the need to maintain foreign exchange stability, deepen regional trade, and pursue public debt reforms to support inclusive growth under the Bottom-Up Economic Transformation Agenda (BETA).

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