Kenya's economy expands 5pc in first quarter, fueled by key sectors

From (left)Stephen Wainaina, KNBS Board chairman, Treasury CS Prof.Njuguna Ndung'u and Economic Planning PS James Muhati(Right), during the launch of KNBS 2024 economic survey report, on 20th May 2024 at KICC, Nairobi.[Edward Kiplimo,Standard]

Kenya's economy grew by 5 per cent in the first quarter of 2024, marking a slight decrease from the 5.5 per cent growth recorded during the same period last year, according to the Kenya National Bureau of Statistics (KNBS).

Key sectors driving this growth included agriculture, real estate, and accommodation services, among others.