Kenya’s Economy Grew 5pc Annually, Treasury PS Says

Kenya’s economy expanded by an average of 5 per cent annually between 2022 and 2025, according to Chris Kiptoo, the Principal Secretary for the National Treasury. Kiptoo made the statement during the launch of the 34th World Bank Kenya Economic Update in Nairobi.

The growth rate outperformed both the global average of 3.5 per cent and Sub-Saharan Africa’s 4.1 per cent over the three-year period. Kiptoo cited improving economic conditions, rising government revenue, and increased investor confidence as key factors behind the performance.

Government revenue rose from KSh2.2 trillion in the 2021/2022 financial year to KSh3.2 trillion in the 2025/2026 financial year. Additionally, foreign direct investment (FDI) reached US$3.2 billion in 2025, doubling from previous levels.