×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Read on the App

Kenya’s economy faces headwinds as World Bank cuts growth forecast

World Bank senior economist John Randa delivers a speech during the launch of Kenya economic update edition at a Nairobi Hotel. PHOTO DAVID NJAAGA/STANDARD

NAIROBI: The World Bank has issued four warning shots to Kenya’s economic managers that point to a struggling economy.

In a strongly-worded report titled ‘Storm Clouds Gathering’, the bank warns against the country’s current unsustainable infrastructural spending, which it says presents potential risk to growth.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in