Browsing: Kenya Economic Update 2019

Poverty in Kenya is on the rise despite the government painting a rosy picture of economic growth. Dr Njoroge says that while it’s true we have GDP numbers, Kenyans can’t eat GDP. www.theexchange.africa

The Kenya government’s economic growth narrative is not adding up with many Kenyans struggling than they have for a few years.

Central Bank of Kenya (CBK) Governor, Dr Patrick Njoroge, is faulting the country’s economic structure which has failed to deliver jobs and rise in incomes.

On Monday, Njoroge said that despite the highly publicised delivery by the Uhuru Kenyatta government, households are feeling the touted gross domestic product (GDP) growth.

Dimming hopes and growth

He reckoned that increased infrastructure spending has not spread the wealth among working Kenyans.

Speaking at the International Monetary Fund regional outlook report launch, Dr Njoroge said, “It’s true you have GDP numbers, but you can’t eat GDP. At the end of the day, what’s needed is specific income, plus jobs.”

And in an interesting twist, the World Bank, another Bretton Woods Institute on Thursday said that Kenyans are not as poor as they were …