Kenya Aims To Raise 5 Billion Shillings To Plug Housing Deficit – African Leadership Magazine

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Kenya’s economy is likely to grow 5.8 percent this year, recovering from drought and political uncertainty that pushed growth down to an estimated 4.8 percent in 2017, the finance ministry said.

That’s one months salary for a job that doesn’t require any (hard) skills. You could easily make 25k working as a clerk or in retail.

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The deficit – the gap between imports and exports – widened by 8.66 per cent to Ksh494.26 billion ($4.9 billion) between January and May from Ksh454.86 ($4.5) billion in similar period in 2017, data released last week by the Kenya National Bureau of Statistics (KNBS) indicate.

Kenya’s trade deficit nearly hit Ksh500 billion ($5billion) in the first five months of the year, official statistics show, signalling pressure on the shilling and slowing down growth in new jobs.

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The disruption has cost the economy about 120 billion shillings, Treasury Secretary Henry Rotich said on KTN News channel on Thursday. Safaricom, 35 percent-owned by Johannesburg-based Vodacom Group Ltd. , posted a 9.5 percent increase in first-half net income to 26.2 billion shillings, a decline from a 32 percent increase a year earlier.

Kenyans should be worried about a slowdown in economic growth this year as we head to the General Election, experts have warned. This is even as the government maintains it has put in place enough contingencies to shield the country from the negative effects of election politics. With just seven months to the polls, the cyclic effect that elections have on Kenya’s economy have begun to show.

Kenya Aims To Raise 5 Billion Shillings To Plug Housing Deficit. Boma Benjy – Senior Contributor. Kenyan Counties Get $10billion Development Response Funds. Boma Benjy – Senior Contributor.. Some Issues of African Leadership Magazine. You can now subscribe to our flagship magazine. Facebook.

Kenya Aims To Raise 5 Billion Shillings To Plug Housing Deficit – African Leadership Magazine Kenya’s economy to expand by 5.8% this year: finance ministry. – Kenyan officials are conducting a roadshow for a planned issue of 10-year and 30-year Eurobonds that sources with knowledge of the issue would be worth a minimum of $1.5 billion.