Kenya's Economic Growth Slows to 4.6% in Q2 2024

Kenya’s economic growth slowed to 4.6% in Q2 2024, down from 5.6% in the same period last year, according to the Kenya National Bureau of Statistics (KNBS). Key growth sectors included agriculture, manufacturing, and finance, while mining and construction experienced contractions.

Agriculture saw a 4.8% growth, fueled by higher production of sugarcane and milk, while manufacturing grew by 3.2%, supported by increased food production. Additionally, major events in Nairobi drove a 6.4% increase in visitor arrivals, boosting accommodation and food services.

Despite the slowdown, Kenya’s economy continues to rely on robust performance in agriculture and tourism to offset weaker areas like construction and mining.