Urban Inflation Index March 2012

From Bankelele Sun Mar 18 2012, 10:18:00

2012 was expected to be an election year, which for Kenya are unfortunately marked by low economic growth, but this weekend, the electoral authority made an announcement that the next general elections would be held in March 2013.

A quotes from the above referenced post by Wolfgang Fengler, the World Bank's Lead Economist for the region reads;

Since 1980, Kenya's economy grew by an average of 3.4 percent. However, in election years, the average growth rate was only 2.4 percent, and growth was even below 2 percent in four of the election years. Equally challenging has been the management of post-election dynamics. Kenya achieved a modest 2.7 percent in post-election years, and three of the last six elections were followed by low-growth, especially in 2008, when post-election violence disrupted the country's achievements of previous years.

It's also been incredibly hot & dry in Nairobi and we all hope that the upcoming March/April rains will restore some supply balance for agriculture (food prices) and energy (hydro electricity costs)

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Kenya:   Kenyans Mobilise Against Taxing the Poor (news)
The Star
18 June 2013

On a side street in Nairobi's bustling neighbourhood of Shauri Moyo, Faisal Ngila shouts to street vendors, motorbike taxi drivers and pedestrians. "Do you know taxes are increasing in Kenya?" he ... [read more]

Kenya:   ICC Says Kenyan President Can Skip Some Court Sessions (news)
Capital FM
18 June 2013

The International Criminal Court (ICC) has given Deputy President William Ruto the green light to skip some Court sessions when his trial begins in September, but made it mandatory for him to be ... [read more]

Kenya:   MPs Cut Kibaki Kitty for Teachers' Pay (news)
The Star
19 June 2013

THE Budget and Appropriations Committee has reduced the Sh700 million set aside for retired President Mwai Kibaki's office to pay teachers. Tourism and Industrialisation ministries will lose Sh4 ... [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!