Kenya’s Economy Grew 5pc Annually Between 2022 and 2025, Treasury PS Says
Kiptoo attributed the performance to improving economic conditions, rising government revenue and increased investor confidence, citing figures presented during the launch of the 34th World Bank Kenya Economic Update in Nairobi on Wednesday.
Nairobi, Kenya – In 2022-2025, Kenya's economy grew at an average rate of 5 percent annually, surpassing global and regional growth averages, as Principal Secretary for the National Treasury Chris Kiptoo reported during the launch of the 34th World Bank Kenya Economic Update. Kiptoo attributed the growth to positive economic conditions, increased government revenue, and heightened investor confidence, based on data presented at the event in Nairobi.
The growth rate exceeded the global average of 3.5 percent and Sub-Saharan Africa's average of 4.1 percent. Government revenue rose from KSh2.2 trillion in the 2021/2022 fiscal year to KSh3.2 trillion in the 2025/2026 fiscal year, showing a steady increase. Foreign direct investment (FDI) also doubled to US$3.2 billion in 2025, signaling improved investor confidence in Kenya.
Representing the Cabinet Secretary for National Treasury, Kiptoo highlighted the significance of governance reforms to maintain growth and generate quality employment. However, he acknowledged that informality persists in the labor market, with 83.8 percent of jobs remaining in the informal sector, emphasizing the need for policies that expand productive employment and improve household incomes.
Kiptoo praised the World Bank's ongoing support to Kenya, recognizing the team led by Country Director Qimao Fan for providing valuable insights. The World Bank's 34th Kenya Economic Update analyzed the nation's economic performance and outlined policy priorities to sustain growth, bolster public institutions, and foster job creation.
Written by urgent.news from Capital FM Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
