Kenyan business leaders are becoming more confident about the prospects of their own companies, even as concerns over the domestic economy and a deteriorating global outlook continue to weigh on sentiment.
Read also: Kenya joins nine African peers in holding rates amid Iran war
According to a Kenya Wall Street report citing the latest Central Bank of Kenya survey, 44.4 percent of CEOs expected their companies to grow faster than they did in 2025 in July, up from 38.9 percent in May. It marked the first improvement in company growth expectations after four consecutive surveys of declining confidence.
The more positive outlook was driven by stronger demand and orders, business expansion, market diversification, new products, improved efficiency and greater use of technology. However, the optimism was not broad based.
Only 24.6 percent of respondents expected Kenya’s economy to grow faster, slightly lower than the 25.3 percent recorded in May. Confidence in the global economy weakened further, with only 20.7 percent expecting stronger global growth, down from 22.6 percent.
