State of economy: Prioritise fundamentals for sustained growth and stable exchange rate

Corporate margins are shrinking with increased taxation and high interest rates. [iStockphoto]

Over the past two decades, Kenya has made significant political and economic reforms that have contributed to sustained economic growth, social development, and political stability.

However, its key development challenges still include poverty, inequality, youth unemployment, climate change, weak private sector investment and the economy's vulnerability to internal and external shocks.