This archive report was first published on 6 May 2020.
Kenya's economic growth is a welcome respite from the country's troubled past, marked by poverty and corruption. According to the 2020 Economic Survey report, released recently, the country experienced decent economic growth in 2019, with a total of 843,000 jobs created, an increase of 3,000 from the previous year and 10,000 from the year before that.
One of the key factors contributing to this growth is the government's war on corruption, led by Treasury Cabinet Secretary Ukur Yatani. Since taking over the National Treasury, Yatani has worked tirelessly to rid the institution of graft, with many top government officials linked to corruption being fired and prosecuted.
As the report highlights, job creation and reduced inflation are key indicators of economic growth. The government's prudent financial policies have also played a crucial role in this growth, enabling the country to compete in global markets and lead Africa towards becoming the most dynamic continent of the 21st century.
However, the coronavirus pandemic has posed significant challenges to Kenya's economic growth, with 2020 likely to be a tougher year in terms of job creation. Nevertheless, the country's young and well-educated generation remains optimistic, driven by their innovative attitude and go-getting spirit.
As the country looks to the future, it is clear that Kenya is on the path to recovery, with a strong foundation laid for sustainable economic growth. With the government's commitment to fighting corruption and promoting economic development, the country is poised to overcome its past challenges and emerge stronger and more resilient.
