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Kenya’s spending puts a drag on economic growth

Kenya may fail to hit its target of becoming a middle-income country by 2030 given the rate at which spending is outpacing revenue.

According to the World Bank’s latest Country Policy and Institutional Assessment (CPIA), 2019, while the quality of the country’s policies and institutions remain impressive compared to those of its sub-Saharan Africa peers, it has dropped a few crucial points in the last six years.

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