Browsing Tag

Staggering

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…

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