Kenya’s GDP grows by 5.1% in Q4.

Published:

Kenya’s Economy Grows 4.7% in 2024, President Ruto Faces Shoe Throwing Incident

Kenya’s Economic Growth in 2024

  • Kennya’s economy grew 5.1% in the fourth quarter of 2024 compared with 6.1% in the same quarter of the previous year.
  • GDP expanded 4.7% for the full year, down from 5.7% in 2023.

Main Growth Drivers

  • Agriculture, forestry, and fishing
  • Finance and insurance
  • Transportation
  • Property

Challenges Faced by the Economy

  • Sectors including mining, quarrying, and construction contracted.
  • High cost of living leading to public anger.

President William Ruto Faces Shoe Throwing Incident

On Sunday, at a rally in Migori county in western Kenya, President William Ruto fended off a shoe thrown at him during a speech about the cost of living, which has been a source of public anger.

Thank you for reading this post, don't forget to subscribe!

Ruto has been compelled to abandon tax hikes and invite opposition members into the cabinet, but discontent remains high amid high cost of basics for Kenyans.

Interior Minister Kipchumba Murkomen said police had arrested three people, The Star newspaper reported.

Conclusion

Despite the challenges faced by Kenya’s economy, there is hope for growth and development in the coming years. President Ruto’s ability to address the concerns of the public will play a crucial role in shaping the country’s economic future.

Related articles

Recent articles

spot_img