ARTICLE · 04 APRIL 2025

2024: Doing Business In Kenya

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Kenya's economy has been growing steadily, with a consistent annual growth rate of 5% between 2010 and 2019. As one of the most diversified and advanced economies in Africa, the country's economy rebounded relatively rapidly from the COVID-19 pandemic.

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Part 1: Doing Business in Kenya

What is the current business climate in your jurisdiction, including major political, economic, and/or legal activities on the horizon in your country that could have a big impact on businesses?

Kenya's economy has been growing steadily, with a consistent annual growth rate of 5% between 2010 and 2019. As one of the most diversified and advanced economies in Africa, the country's economy rebounded relatively rapidly from the COVID-19 pandemic. However, maintaining and increasing growth will depend on increasing private investment and productivity.

Following the August 2022 general elections, the country's new administration is focused on attracting more foreign direct investment by adopting pro-business laws and implementing a series of tax and regulatory reforms aimed at improving the country's investment climate.

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