Kenya’s economy grew at a slower pace of five percent in the first three months of 2024 compared to 5.5 percent in the same period last year, in a period when the business environment was roiled by high interest rates.
A report published by the Kenya National Bureau of Statistics (KNBS) shows that all the sectors, save for finance and insurance activities, recorded slower growth in the first quarter of the year compared to the same period in 2023, pointing to a tough macroeconomic environment.
