Kenya is set to become East Africa's largest economy, knocking Ethiopia off the top spot according to the latest International Monetary Fund (IMF) outlook.
As per IMF, Kenya's Gross Domestic Product (GDP) will be $132 billion (Ksh 17T) in 2025, higher than Ethiopia's $117 billion.
This marks a rise from $121 billion (Ksh 15.6T) in the past year with Ethiopia recording a steep drop from $143 billion. The latest comes after the Ethiopian Birr was devalued, while the Kenyan shilling contrastingly became the world's best-performing currency.
After tightly controlling the value of the birr for half a century, Ethiopia liberalised the exchange rate system in July.
