Low oil prices stir up festivities despite economic gloom

A Bodaboda rider in Nakuru ferries people during the festive season. [Harun Wathari, Standard]

A drop in global oil prices saved Kenyans from what would be a gloomier Christmas even as export earnings shrunk and the economy stagnated.

Export earnings in the third quarter of 2019 dropped to Sh147.7 billion compared to Sh152.1 billion in the same period in 2018.