Higher inflation threatens to stifle growth of key sectors

fuel prices, fuel subsidy, petroleum development levy

People Daily | by Steve Umidha

Kenya finds itself in a precarious situation despite a remarkable 7.5 per cent economic growth recorded in 2021 as inflation threatens to stagnate the growth of core sectors of the economy.

On the back of two colossal external shocks – the Coronavirus pandemic and now the Russian invasion of Ukraine – and financial sector shocks that also threaten to deny small and medium enterprises (SMEs) funds on risks signal slower growth of the sector…

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