Kenya’s Annual Corruption Cost: A Staggering $1.5 Billion, AfDB Reveals
The African Economic Outlook Kenya Country Focus Report, recently unveiled in Nairobi, brings to light critical vulnerabilities within Kenya's economic framework. Through an examination of mismanagement, extensive tax exemptions, and lax oversight mechanisms, the report illustrates how these factors are gradually eroding the nation’s revenue base and stifling its ability to fund essential sectors of growth.
Public Spending Inefficiencies and Tax Waivers Take a Toll
One of the most striking figures from…