Country profile · Sovereign risk

Kenya

East Africa·KEN·KES·16 Oct 2026
RicherFin rating
Proprietary analytical opinion
Currency
KES
Public projects
89
Published public projects
Reference data
2024–2025
Macroeconomic periods

Ratings & sovereign risk

RicherFin Ratings

The analysis behind the rating.

The RicherFin file presents risk drivers, their sources and limitations, separately from agency ratings.

Agency ratings and outlooks
AgencyRatingOutlook
FitchB-Stable
Moody'sB3Stable
S&PBStable

Sources and reference dates are listed below.

Economic indicators

Each indicator retains its period
IndicatorValuePeriod
Real GDP growth4.6%2025
Current account / GDP-1.3%2024
Inflation4.1%2025
GDP per capitaUSD 2,3632025
Trade openness37.5%2025

Access the markets

Existing RicherFin pages

Equities

67 instruments
TickerCompanyLatest1M
EQTY.NREquity Group Holdings Ord 0.50100 KES+3.90%
KNRE.NRKenya Re-Insurance Corporation Ltd Ord 2.504 KES0.00%
KQNA.NRKenya Airways Ltd Ord 5.006 KES+4.58%
KEGN.NRKenGen Ltd Ord. 2.5011 KES+1.89%
CIC.NRCIC Insurance Group Ltd Ord 1.005 KES+8.28%
View more companies · NSE
View more companies · USE

Public projects & infrastructure

89 projects →
2000MW Nuclear Power PlantEnergy · Early-stage preparationsPreview→35MW Orpower 22 Menengai Geothermal Power PlantEnergy · ConstructionPreview→35MW Quantum Menengai Geothermal Power Plant ProjectEnergy · ConstructionPreview→35MW Sosian Menengai Geothermal Power Plant ProjectEnergy · Operations and maintenancePreview→

Sources & data scope

Economic indicator sources

Real GDP growth · 2025 · World Bank · Primary source →

Current account / GDP · 2024 · World Bank · Primary source →

Inflation · 2025 · World Bank · Primary source →

GDP per capita · 2025 · World Bank · Primary source →

Trade openness · 2025 · World Bank · Primary source →

RicherFin and agency ratings

The RicherFin opinion is distinct from agency ratings. A dash indicates an unavailable value.

Fitch · B- · · Source →

Moody's · B3 · · Source →

S&P · B · · Source →

Institutional sovereign report