Kenya economy grows 5 pct in Q2-Xinhua

Kenya economy grows 5 pct in Q2

Source: Xinhua

Editor: huaxia

2025-10-02 01:06:15

NAIROBI, Oct. 1 (Xinhua) -- Kenya's economy grew 5.0 percent in the second quarter of 2025, up from 4.6 percent in the same period of 2024, the Kenya National Bureau of Statistics (KNBS) said in a report released on Tuesday.

The bureau said the expansion was mainly driven by improved performance in transport and storage, electricity and water supply, and financial and insurance activities.

The transport and storage sector grew 5.4 percent, compared with 3.4 percent a year earlier, supported by increased land transport, railway operations, and port throughput. Electricity and water supply expanded 5.7 percent, up from 1.2 percent, while financial and insurance activities rose 6.6 percent, though slower than the 8.0 percent growth recorded in 2024.

The KNBS said manufacturing activities grew just 1.0 percent in the quarter, a slowdown from 3.2 percent last year, reflecting weaker output in food, beverages, and textiles.

The statistics agency further reported that average inflation eased during the quarter, mainly due to reduced prices of food and non-alcoholic beverages, contributing to overall economic stability.

It added that the performance aligns with the government's Bottom-Up Economic Transformation Agenda, which emphasizes industrialization, infrastructure development, and job creation.