Trending
- JPMorgan CEO to scout for loan and corporate deals in Africa tour—analysts
- The science is clear. The world is far off track from achieving vital climate goals
- Energy transition: Why Africa’s race to net-zero is moving too slowly
- Nigeria inflation cools in August, but analysts warn dip could be short-lived
- Africa’s race against time: Why climate adaptation can’t wait
- Fertilizer giant OCP Group and IFC sign $108M deal to tackle Morocco’s water crisis
- Why Ghana’s new-look $60M Jamestown Fishing Port is catalyst for jobs growth
- Unleash your creativity: UAE Engineering Award welcomes innovators
Browsing: Institute of Economic Affairs (IEA)
- Socio-economic development has been constrained by widespread corruption and mismanagement in Kenya.
- The debt constraint will not just affect headline macroeconomic variables, but will also have an impact on the lives of Kenyans, a new report says.
- The variation in unemployment, inflation, and broader economic growth will also have a clear impact on poverty levels.
Kenya’s potential for socio-economic development in the coming decade is no longer promising, a new report has revealed.
The report titled ‘Kenya in 2040: Mapping Kenya’s Future’, which was jointly produced by Oxford Economics Africa and the Institute of Economic Affairs (IEA), a Kenyan think tank, says the earlier projected outlook of the country’s GDP growth beyond 5 per cent, and a consolidated position as the gateway into Africa, is slowly diminishing.
It says Kenya’s socio-economic development has been constrained by widespread corruption and economic mismanagement.
“The former has led to considerable fiscal …