World Bank Revises Kenya’s Economic Growth Forecast Upward to 4.9% Amid Construction Sector Recovery
The World Bank has revised Kenya’s economic growth projection upward to 4.9%, buoyed by a strong rebound in the construction sector and renewed momentum in infrastructure development. The updated outlook reflects growing confidence in Kenya’s ability to stabilize its economy despite fiscal pressures, high living costs, and global economic uncertainty. The construction industry—long a key engine of Kenya’s GDP—has shown notable resilience as both government and private investors accelerate projects in transport, housing, energy, and urban development. Major road upgrades, affordable housing initiatives, water projects, and improvements in power transmission have collectively helped revive activity across the sector, stimulating demand for materials, labor, and related services. According to the World Bank, the recovery in construction is not only driving direct economic output but also creating ripple effects in manufacturing, trade, logistics, and financial services. The renewe...