Financial institutions pumped an additional Sh135.55 billion into Nairobi’s economy last year, underlining the critical role that cash-rich banks and insurance companies play in cementing the city’s position as the richest county in Kenya.
The latest Gross County Product (GCP) report published by the Kenya National Bureau of Statistics (KNBS) shows that the financial and insurance activities contributed Sh885.6 billion to Nairobi’s total output, or 23.2 percent, in 2023.
