JUST IN: CS Mbadi Projects 5.5% Economic Growth Amid Global Challenges
This week, the National Treasury unveiled its annual borrowing plan for the financial year 2024/2025, with Cabinet Secretary John Mbadi expressing confidence in a projected growth rate of 5.5 percent for the Kenyan economy. This optimistic forecast suggests that Kenya’s economy will maintain stability in the medium term, despite rising global geopolitical tensions, including conflicts in the Middle East and the ongoing war between Russia and Ukraine. “Despite these global challenges, we expect Kenya’s economy to remain stable in the medium term. For the fiscal year 2024/25, we project a real economic growth rate of 5.5%. This positive outlook stems
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