Post was not sent - check your email addresses! Over the weekend, President Kiir’s government reportedly agreed to implement a federal system of governance in the country as called for by rebel negotiators, signaling a promising step towards a political settlement. Still, it remains unclear whether the parties will reach a final peace agreement before the deadline set by the mediating body, the Intergovernmental Authority on Development (IGAD), expires in mid-October. b. This category only includes cookies that ensures basic functionalities and security features of the website. Kenya Governance Support Programme (KGSP) 2010-2015; Drivers of Accountability Programme; Peace and Security for Development; Public Financial Management; Success stories from the field. Kenya could be the first EAC country to reach Middle Income status by 2020, but only if it achieves its potential of about 6 percent uninterrupted economic growth. Economic growth for the year has also been put at 5.7%, up from 4.7%. announced that Kenya’s gross domestic product (GDP) is 25 percent larger, better data from the high-performing sectors, will likely have an easier time accessing commercial loans, just months after Nigeria rebased its GDP, does not mean that Kenya has overcome its economic challenges, More than four in 10 Kenyans live in poverty, has a considerable way to go to achieve 10 percent growth, continent-wide governance performance increased by just 0.9 percent, agreed to implement a federal system of governance, remains unclear whether the parties will reach a final peace agreement, accused one another of launching new attacks, Unpacking the misconceptions about Africa’s food imports, Lessons from the proliferating mini-grid incentive programs in Africa, How to reignite Africa’s growth and avoid the need for future debt jubilee. Kenya is a lower-middle income economy. The Kenya National Bureau of Statistics findings are the result of more accurate data on key sectors such as property and telecoms. The aim of Kenya Vision 2030 is to create “a globally competitive and prosperous country with a high quality of life by 2030”. The Kenya Vision 2030 aims to transform Kenya into a newly industrializing, middle-income country providing a high quality of life to all its citizens by 2030 in a clean and secure environment. Kenya on Friday hit the road to becoming a middle-income nation in five months’ time after authorities said that a statistical review of the economy was under way. Kenya was reclassified as a middle-income country in early October, but as this east African nation comes to terms with its new ranking, it is becoming clear … Kenya is a member of the United Nations, Commonwealth of Nations, World Bank, International Monetary Fund, COMESA, International Criminal Court, and other international organisations. Meanwhile, on Thursday, both warring parties accused one another of launching new attacks in Unity and Upper Nile States, violating the current ceasefire. Your email address will not be published. Ms Khan said the rebasing lifted the average per capita income in Kenya to $1,246 "effectively meaning that the country moves to lower middle income status". Guidance for the Brookings community and the public on our response to the coronavirus (COVID-19) », Learn more from Brookings scholars about the global response to coronavirus (COVID-19) ». Sorry, your blog cannot share posts by email. Necessary cookies are absolutely essential for the website to function properly. You also have the option to opt-out of these cookies. are from the Nairobi Central Station to JKIA has also been halved, from Ksh500 to Ksh250. Direct discussions between representatives of the warring parties in South Sudan are taking a positive turn, according to the Sudan Tribune. Although Kenya's economy is the largest and most developed in eastern and central Africa, 36.1% (2015/2016) of its population lives below the international poverty line. Affordable Housing for low & middle income earners in Nairobi 3 1.1 Basic General Data Geography and Administration Kenya is situated in the Eastern part of the African continent, between 5 degrees North and 5 degrees South latitude and 24 and 31 degree East longitude. Seeing the vision Through. The country has enjoyed relative robust growth for much of the 2003-2013 decade. However, poverty and income inequality remain persistent challenges. The country and lending groups page provides a complete list of economies classified by income, region, and lending status and links to previous years’ classifications. Kenya’s real GDP growth has averaged over 5% for the last decade. As a middle-income economy, Kenya will no longer qualify for the many trade concessions it currently enjoys as a low-income country. 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