Newly appointed Treasury Cabinet Secretary (CS) John Mbadi has vowed to revive Kenya’s economy. Treasury CS John Mbadi following proceedings of a past meeting in his office. Mbadi said most of the regions in the country need development and his team at the National Treasury is working on policies.....CLICK HERE TO READ THE FULL ARTICLE>>>
What Mbadi said about Kenya’s economy Speaking during President William Ruto’s tour of Homa Bay County on Thursday, August 29, Mbadi asked Kenyans to give him just one year and the economy will be on the right trajectory. The CS said he’s in talks with the president about measures to revive the country’s economy.
“I will engage President William Ruto and we will revive the economy. I want to assure Kenyans that the country’s economy will be on the right track… just give me one year, and the second year it will be rolling,” said Mbadi. Is Kenya’s economy growing?
According to the Kenya National Bureau of Statistics (KNBS), the economy grew by 5% in the first quarter of 2024. The report noted the growth was supported by the expansion of agriculture and other sectors.
KNBS said inflation eased to an average of 6.29% in quarter one of 2024 from a high of 9.13% in quarter one of 2023, driven by lower food prices. At the same time, the Kenyan shilling strengthened from 149.63 to 126.37 against the United States (US) dollar…CONTINUE READING>>
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