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Vol 63 No 21

Published 20th October 2022


Kenya

The hustler backs austerity

After promising ambitious support programmes for small businesses, the new President finds that the fiscal cupboard is bare

President William Ruto's grand, and expensive, promises of a 'bottom up' economy, replete with new financial support for small businesses and farmers, has quickly fallen foul of economic reality. Instead, northern and eastern Kenya face crippling drought, while the country struggles with a surge in prices of basic commodities.

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