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Kenya: Transport, Industrial, and Construction Sectors Struggle in First Quarter 2024

Kenya: Transport, Industrial, and Construction Sectors Struggle in First Quarter 2024

Rédaction Africa Links 24 with Kenyans.co.ke
Published on 2024-08-03 11:38:12

Kenya’s industrial sector has hit a roadblock, registering a significant slowdown in growth for the first quarter of 2024. This downturn comes amid an overall economic deceleration, as highlighted by the Central Bank of Kenya (CBK) in its Quarterly Economic Review released on August 2.

The country’s economy grew by 5.0 per cent in the first quarter, a decline from the 5.5 per cent growth recorded in the same period in 2023.

The transport storage sector was notably affected, with growth…

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