Kenya’s economy grew by 5% in 2023, an improvement from 4.8% in 2022, according to the World Bank’s Kenya Economic Update. This growth was driven by a rebound in agriculture and moderate growth in services. The World Bank projects Kenya’s real GDP growth to be between 4.5% and 5.2% in 2024, supported by improved investor confidence and increased private sector credit facilitated by reduced domestic borrowing by the government.