Kenya’s shaky fiscal status to hurt fight against poverty – World Bank

Kenya's economic growth has not sufficiently reduced poverty, with the World Bank now worried that rising debt levels, constrained public finances, and declining household welfare could worsen the situation.

According to the global lender, Kenya’s robust economic growth, marked by a 40 per cent increase in per capita GDP between 2005 and 2022, was accompanied by an incommensurate seven-percentage-point reduction in the poverty rate, underscoring the uneven distribution of the benefits of growth.