JUST IN: Economic Hurdles Push World Bank to Revise Kenya’s 2024 Growth Projection 

  The World Bank has lowered Kenya’s 2024 economic growth forecast to 4.7%, down from the earlier projection of 5.0%, citing the impact of floods, anti-government protests, and weak fiscal reforms. In its latest Kenya Economic Update, the World Bank on Tuesday, December 10, acknowledged the country’s efforts to stabilize the foreign exchange rate, boost the central bank’s hard currency reserves, and curb inflation. Despite these achievements, Kenya remains at high risk of debt distress due to elevated debt servicing costs, unresolved pending bills, and declining government revenues. Although the revised growth rate falls below last year’s 5.6%, it still surpasses
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