×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now
Vocalize Pre-Player Loader

Audio By Vocalize

The sprawling Gikomba Market in Nairobi. Consumers are spending less due to rising prices and declining incomes. [Edward Kiplimo, Standard]

Kenya is facing a perfect storm of economic challenges. The country's economy is slowing down, the Kenya Revenue Authority (KRA) is struggling to meet its revenue targets, and the private sector is freezing hiring and cutting jobs.

The economy's slowdown is evident in the contraction of key sectors, such as construction and mining. This has led to a decrease in job opportunities and a decline in consumer spending.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
By Xinhua 8 hrs ago
Sports
How Chinese elements shine at Milan-Cortina Winter Olympics
Basketball
Thunder plot Equity Bank raid as Premier League tips off
By Ben Ahenda 18 hrs ago
Boxing
Future Boxing Championships offer Kenyan boxers lessons
Athletics
Why Faith Kipyegon is making waves after winning 10km debut