The shelves are stocked at Anita Wairimu’s store in downtown Nairobi, but nothing is selling. Nobody has cash to spare, she explained, her customers are struggling just to make ends meet. “I’ve had the shop for eight years. This has been the most difficult year. It’s worse than during the Covid period,” the 44-year-old single […]
The shelves are stocked at Anita Wairimu's store in downtown Nairobi, but nothing is selling. Nobody has cash to spare, she explained, her customers are struggling just to make ends meet. "I've had the shop for eight years. This has been the most difficult year. It's worse than during the Covid period," the 44-year-old single…
Ruto narrowly won the August 2022 election on a campaign offering a “bottom-up” economic plan to put more in the pockets of small traders, informal workers, and others living hand to mouth.Inflation fell to 6.7 percent in August but over the past year petrol prices have increased 22 percent, electricity by nearly 50 percent, and household staples like sugar and beans by 61 percent and 30 percent respectively.
These factors have dragged on growth, which is forecast in 2023 to be lower than the 4.8 percent recorded last year. The introduction of a raft of new taxes — particularly the doubling of VAT on fuel — eroded purchasing power further. Odinga took this frustration to the streets, orchestrating 10 days of protests earlier this year that left 50 people dead, according to rights groups.
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