Report: Depreciation of shilling hurt local economy and credit landscape

The shilling has appreciated against the dollar in recent months. [Elvis Ogina, Standard]

Kenya's economic landscape showcased remarkable resilience in 2023, with gross domestic product (GDP) growing at 5.9 per cent in the third quarter of 2023, compared to 4.3 per cent in the corresponding quarter of 2022.

This is according to the TransUnion quarter four of 2023 Kenya Credit Industry Insights Report, which provides an in-depth analysis of the macroeconomic environment and its influence on credit trends within the country.