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Report: High taxes and debt to hit Kenya's economic growth

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Treasury Cabinet Secretary Njuguna Ndung'u. [Edward Kiplimo, Standard]

High taxes, increased fuel prices and rising debt are threatening to cripple Kenya's growth, even as the economy is expected to expand by 5.2 per cent in 2024.

A report by consultancy firm Deloitte published December 13 foresees that the country's gross domestic product (GDP) will accelerate at 5.2 per cent anchored on improved agricultural production and related exports as well as growth in the services sector.

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