Kenyans given notice of inevitable austerity phase

National Treasury and Economic Planning Cabinet Secretary Prof Njuguna Ndung'u

Kenya's National Treasury and Economic Planning Cabinet Secretary Prof Njuguna Ndung'u. PHOTO | DIANA NGILA | NMG


The Kenya government has warned of a belt-tightening period as the country attempts to navigate the economic storms triggered largely by the Russia-Ukraine war.

The National Treasury is banking on a ceasefire between the two-neighbouring Eastern European nations to jump start the recovery of an economy battered by roaring inflation, weakening shilling, high cost of living and mounting debt service obligations.