Customers shop for essential commodities inside the Naivas supermarket in Nairobi, Kenya March 23, 2020.Customers shop for essential commodities inside the Naivas supermarket in Nairobi, Kenya March 23, 2020.
Meanwhile, Kenya’s economic output has more than doubled during President Uhuru Kenyatta’s 10 years in office, but a debt binge that fuelled growth and investment could cramp his successor’s ability to tackle growing hunger and soaring prices.The election is being overshadowed by a drought that has left 4 million people dependent on food aid while Russia’s invasion of Ukraine drives up global grain and fuel prices.when Kenyatta took power in April 2013. Annual growth averaging 3.
“The increase in debt has been alarmingly fast,” said Robert Shaw, an independent economic policy analyst based in Nairobi. He also said then that the number of households connected to the electricity grid had tripled to more than 8 million.. That risk remains the Fund’s Kenya head of mission Mary Goodman told journalists last week.