Author: K24TV
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Kenya’s economy made significant strides jumping up 21 places to be ranked 92 out of 190 countries surveyed in the 2016 World bank ease of doing business report. Based on the progress, Kenya was rated the third most improved economy, a sign that a raft of business reforms initiated by the government may be paying off. The World Bank has further projected Kenya's economy to grow by 5.9 percent in 2016 The International Monetary Fund – IMF has however revised its growth projection for Kenya's economy to 6.8 per cent, down from the initial figure of 7.2 per cent, owing to the prevailing harsh economic conditions. As Zawadi Mudibo reports, more questions than answers abound on whether or not the said economic growth has had a positive impact on the incomes of Kenyan households and the small and medium enterprises.