World Bank Urges Kenya to Cut High Debt Levels Sapping Economic Growth bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Kenya’s economy has been growing solidly but maintaining and increasing growth will depend on increasing private investment and productivity. Between 2010 and 2019, Kenya maintained a steady annual growth rate of 5 percent and the economy was able to rebound relatively rapidly from the COVID-19 pandemic. However, productivity growth did not make much of a contribution to output growth, and growth has been lower than that of some other, fast-growing middle-income countries. This points to the potential for Kenya to increase growth via productivity gains, by expanding the role of the private sector and, especially, accelerating private investment. Doing this has become more urgent as the Government s fiscal space to invest has shrunk, making it crucial also for the sustainability of growth to identify new opportunities f
Nigerians are grappling with continuously eroding purchasing power in the face of inflationary pressure that has maintained a worrisome upward trajectory. This is in total defiance of concerted efforts by the Central Bank of Nigeria (CBN) to save the nation’s economy from the devastating effects of untamed inflation.
Era, a little girl from Pristina, starts her morning in a rush. Her parents prepare breakfast and pack her bag for kindergarten. Era is one of the lucky children in Kosovo. Most have no opportunity to attend kindergarten or develop early skills that are foundational for their future.