top of page
< Back

October 23, 2024

IMF downplays Kenya's GDP growth forecast for 2024

IMF Forecasts Slower Economic Growth for Kenya, Projecting GDP Decline to 5.0% in 2024 and 2025.


The International Monetary Fund (IMF) has projected slower economic growth for Kenya over the next two years, according to its Global Economic Outlook report released on October 22.


The country's Gross Domestic Product (GDP) is expected to decline from 5.6% in 2023 to 5.0% in both 2024 and 2025. This forecast could impact business activities, jobs, and production levels across sectors.


Despite significant growth in services and agriculture in 2023, the report indicates challenges ahead for President William Ruto’s administration amidst ongoing IMF negotiations.

IMF downplays Kenya's GDP growth forecast for 2024

Download our mobile app and start investing today.

© 2025

 · Ndovu · All Rights Reserved.

Download Ndovu app from Google play or play story
Download Ndovu app from the app store

​

 

 

Past performance is not reflective of future performance, and the price of units and the income may go down as well as up. In certain specified circumstances the right to redeem units may be suspended. The Capital Markets Authority does not take responsibility for the financial soundness of the scheme or for the correctness of any statements made or opinions expressed in this regard.

​

Ndovu is a regulated digital platform operated by Ndovu Wealth Limited (“Ndovu”). Ndovu is licensed by the Capital Markets Authority (Kenya) as a Fund Manager and is also regulated by the Institute of Certified Investment & Financial Analysts (ICIFA), the Communications Authority and the Nairobi Securities Exchange. Ndovu is a registered trademark of Ndovu Wealth Limited. Ndovu Wealth Limited, a CMA-licensed Investment Adviser, provides advisory services. US-traded securities are provided to Ndovu users by Interactive Brokers LLC. Interactive Brokers is a member of FINRA/SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at www.sipc.org.

​

​Investment involves risk. The value of investments and their income can go up or down and you may not get back the amount originally invested. There is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Ndovu Wealth Limited's charges and expenses. Ndovu Wealth Limited’s internet-based advisory services are designed to assist clients in achieving discrete financial goals. They are not intended to provide comprehensive tax advice or financial planning for every aspect of a client’s financial situation and do not incorporate specific investments that clients hold elsewhere. Past performance does not guarantee future results, and the likelihood of investment outcomes is hypothetical in nature. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Ndovu Wealth Limited is not registered.

​

By using this website, you accept our (Terms of Use) and (Privacy Policy) and (Data Protection Policy).​​​​​

© 2025 · Ndovu · All Rights Reserved.

  • LinkedIn
  • Instagram
  • Facebook
  • Twitter
  • YouTube
bottom of page