Saturday, June 16, 2018

Kenyans' budget woes

Kenya's economy has grown on average by 5 percent annually over the last decade, but  the gap between rich and poor is rising. The number of super-rich in Kenya is among the fastest growing in the world, and the charity Oxfam predicts the number of Kenyan millionaires will grow by 80 percent over next decade. Yet while a minority of Kenyans are accumulating wealth, the benefits of economic growth have not trickled down. According to Kenya Fight Inequality Alliance, just 8,300 individuals in Kenya own the same wealth as the rest of the country's 44 million people - and the richest 10 percent earns 23 times more than the poorest 10 percent.

Poor-quality education and a lack of job opportunities have bred high rates of drug and alcohol abuse and crimes such as robbery, rape and domestic violence are common 

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