Kenya expects faster growth in 2025, signs yen-denominated loan with Japan

President William Ruto addresses the 9th Tokyo International Conference on African Development (TICAD 9) at the Yokohama City Assembly in Japan.

Photo credit: PCS

Kenya’s economic growth this year is expected to exceed official forecasts despite higher US tariffs and other challenges, President William Ruto said at a conference on Wednesday, where Kenya and Japan also signed a yen-denominated loan deal.

The East African nation's economy is forecast to grow by 5.6 percent this year, Ruto said, more than the 4.7 percent recorded last year. That would surpass forecasts by Kenya's finance ministry and central bank for 5.3 percent and 5.2 percent growth, respectively.