Browsing: Oxford Economics Africa

Corruption and Mismanagement in Kenya
  • 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 …

One of the root causes of poverty and vulnerability in North Africa is the decades-old system driving youth and women exclusion in the labour market, a new World Bank report reveals. 

According to the World Bank, most countries in North Africa have been struggling with poverty and vulnerability for decades. Increasingly, work opportunities in the region are getting limited, particularly for women and youth. Across the economies, most workers are engaged in low-productivity informal jobs. 

Safety nets to mitigate youth and women exclusion

The report, Built to Include: Reimagining Social Protection