While Kenya’s economy grew by 7.5% last year, the majority of Kenyans say that growth is yet to trickle down to them, with economists arguing that the Kenyan government will need to rethink its investment options if more of its citizens are to benefit. The country is in the grips of a drought that has seen food prices soar to an all-time high. The conflict in Ukraine resulted in an increase in fuel prices by 4%, leading to an increase in commodity prices for a country that is still a net importer of the majority of its consumer goods.
The price of gas has gone up by nearly 40% and fertiliser, which the country mainly imports from Russia, has also shot up in price and is difficult to find.
Experts say this is likely to affect the agricultural sector.
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