Kenya’s economic outlook in 2024 presents a complex scenario. On the surface, there is cause for optimism—inflation is at a historic low of 2.7 per cent, the lowest in 12 years, and interest rates have dropped to their lowest levels since 2020.
Yet for many Kenyans, this macroeconomic data fails to reflect the daily challenges they face. Limited access to credit, the widening gap between stagnant wages and the soaring cost of living paint a more sobering picture.
