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| Cabinet Secretary for Devolution and Planning Anne Waiguru during the opening of International Conference on the Great Lakes Region (ICGLR) special summit on the fight against youth unemployment in Nairobi |
Kenya has jumped four slots on the richest African countries’ list in new accounting rules that have ‘grown’ the citizen’s combined wealth by 25 per cent.
Kenya National Bureau of Statistics (KNBS) yesterday announced that Kenya is now the 9th richest economy in Africa, overtaking Ethiopia, Tunisia and Ghana after a change in the formula used to measure economic activity.
While the improved ratings do not mean any improvement for the fortunes of the individual households, National Treasury Secretary Henry Rotich said it would help in raising the country’s profile.
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