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Two Million Kenyans Sinks Into Poverty

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BBC: Two million Kenyans fell below the poverty line between March and June this year, according to a World Bank report.

The rate of unemployment in East Africa’s largest economy increased from 5% cent to 21% within the period.

This increased the number of people living below $1.90 (Ksh210) per day by 4% to two million.

Factory workers and those working in tourism and agriculture were especially affected.

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Kenya’s tax revenues have reduced but their debt servicing requirements have increased.

Kenya’s debt stands at 65.6% of the gross domestic product and the national treasury is in the process of seeking another $2.3bn (Ksh252.9 billion) from the International Monetary Fund to help fund the response to the coronavirus pandemic.


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