This archive report was first published on 2 November 2019.
Kenyans Suffer as Inflation Rate Hits 4.95% ¶
Kenya's inflation rate has hit 4.95% in October, a significant increase from the 3.83% recorded in September, according to the Kenya National Bureau of Statistics.
As a result, many Kenyans are struggling to make ends meet, with the high cost of living forcing them to dig deeper into their pockets to afford basic commodities.
A random survey in the streets of Nairobi revealed that many Kenyans are suffering due to joblessness and are indulging in different illegal activities in a clear indication of survival for the fittest.
"You see all these people here, majority of them are jobless and given that, they indulge in different activities even the illegal ones attributed to bad politics and policies of the Jubilee government," one Kenyan said at a Nairobi park.
Another Kenyan noted that the economy has worsened during President Uhuru Kenyatta's regime compared to his predecessor Mwai Kibaki.
"During Kibaki's time we experienced massive infrastructure growth including building of the Thika superhighway among others at a cheaper cost and less borrowing, Uhuru on the other hand has increased our debt with less effects on the ground," he said.
At least four Kenyan companies have announced plans to sack their employees before the end of 2019, a move that will render hundreds of Kenyan workers jobless, indicating a bleak future.
One landlord in Nairobi's Dagoretti area has decided to reduce the rent for his clients from KSh 10,000 to KSh 8,000 due to what it termed a serious fall of business for its customers.
