CEOs monthly business forecast drops to historic low in February

Stanbic Bank survey however indicates stabilisation of economy drove demand and output

by VICTOR AMADALA

Kenya06 March 2025 - 11:36

In Summary

This is the lowest growth sentiment by businesses in the country’s history, a harsh indictment to the Kenya Kwanza regime that rose to power through the popular bottom-up economic model.
Late last year, the International Monetary Fund (IMF) cut Kenya’s economic growth forecast for this year and 2025 by nearly one percentage point, marking the largest downgrade among major regional economies in under a year.

Operations at a Processing Zone factory in Athi River /FILE

ONLY five per cent of firms in Kenya are forecasting growth in the near future amid ongoing concerns about the wider economy and high competition.

This is the lowest growth sentiment by businesses in the country’s history, a harsh indictment to the Kenya Kwanza regime that rose to power through the popular bottom-up economic model.

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