AfDB cautions Kenya over ‘growth for the rich only’

Samburu County Kenya Red Cross Society Co-ordinator Mugambi Gitonga hands over relief food to residents in Arisim village in Baragoi, recently.

NAIROBI, KENYA: African Development Bank (AfDB) has warned against Kenya’s growth that makes a few richer while majority struggle to survive. The bank says the country risks sinking into a fragile state that is highly vulnerable to shocks when only a few benefit from the growth.

AfDB says although Kenya has experienced economic expansion over the last decade, the growth has not been sufficiently inclusive rendering the economy susceptible to both internal and external shocks.