2025 economic outlook: What you should expect

For most Kenyans, 2024 was a year to forget. The year was characterised by economic hardships that were compounded by higher taxes and statutory deductions, which culminated in widespread protests that forced the government to withdraw the Finance Bill 2024.

The economy grew at its slowest pace in four years at 4.6 percent in the second quarter of the year—compared to 5.6 percent in quarter two of 2023—and is projected by the Central Bank of Kenya to record a full year growth of about 5.1 percent, down from 5.6 percent in 2023.