Kenya Ranked Third Poorest Lower-Middle-Income Country Globally
Kenya is ranked the third poorest lower-middle-income country globally in a new study released by the World Bank.
The World Bank State of Economic Inclusion Report 2021 has shown that more than forty per cent of Kenyans currently live in extreme poverty.
The level of poverty is approximately 10 times higher than in Pakistan and Egypt which are also categorised as lower-middle income economies.
Zambia is the poorest with 61 per cent of its citizens living in poverty followed by Nigeria at 58 per cent while Côte d’Ivoire is fourth at 30 per cent.
Zimbabwe has a low poverty rate of 23 per cent but has a high poverty headcount at almost 80 per cent of it’s total population.