Kenya’s economy projected to slow down by two percent in 2022

The World Bank projects that Kenya’s economy would this year slow to 5.5%, down from 7.5% in 2021 dragged by the knock-on impact of the Russia-Ukraine crisis as well as poor rains and risks associated with the August polls. The latest report by World Bank further indicates that high commodity prices would make imports expensive and exports are likely to be negatively affected by a projected…