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World Bank projects economy to grow at 4.9pc next year, 5pc in 2026

President William Ruto inspects some of the 4,566-unit Shauri Moyo B Affordable Housing Project in Nairobi. A notable surprise was the recovery of the construction sector. [PCS]

Despite Kenya’s economy gaining momentum in recent years, the gains are not enough to create sufficient formal employment, with new World Bank data showing real incomes have declined over the past decade.

The data shows the glut of low-quality informal jobs is failing to meet the aspirations of the fast-expanding youth population, known as Gen Z.

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