World Bank says over 2.4 million Kenyans risk falling into poverty in 2026

According to the World Bank, the Middle East tensions have intensified inflationary and external pressures...

✨ Key Highlights

The World Bank projects that over 2.4 million Kenyans could be pushed into poverty by the end of 2026 due to deteriorating economic conditions.

An estimated one million to 2.4 million Kenyans may fall below the poverty line, increasing the national poverty rate by two to 4.5 percentage points.
The World Bank cited soaring inflation, a high cost of living, transport costs, joblessness, and intensified Middle East tensions as primary drivers of these economic pressures.
The lender has also revised down Kenya’s 2026 growth forecast to 4.3 per cent, citing fiscal challenges, higher global oil prices, and weaker remittance inflows.

Continue Reading

Read the complete article from The Standard

📰 Read Full Article

Related News

Video

World Bank warns 2.4 million Kenyans risk falling into poverty

Citizen TV (Youtube)

1d ago

business1d ago

World Bank warns oil price shock could push 2.4mn Kenyans into poverty

The World Bank has issued a stark warning that rising global oil prices, exacerbated by conflict in the Middle East, could plunge between 1 million and 2.4 million more Kenyans into poverty this year.

Capital Business

📰 Read Full Story

top1d ago

World Bank Warns Kenyans of Tough Times Ahead, Predicts Sharp Poverty Rise

The World Bank is warning of significant economic hardship in Kenya, projecting that up to 2.4 million more people could fall into poverty by the end of 2026.

Kenyans

📰 Read Full Story

entertainment2d ago

World Bank Approves KSh97 Billion Loan to Ruto To Teach Kenyans That Stealing Money Is Bad

The World Bank has approved a loan of KSh97 billion ($750 million) to Kenya to support reforms aimed at strengthening governance, improving financial management, and enhancing anti-corruption efforts.

Ghafla! (Entertainment)

📰 Read Full Story

top1d ago

World Bank Raises Concerns Over Ruto's Ksh5 Trillion Fund

The World Bank has expressed concerns that Kenya's new National Infrastructure Fund (NIF), intended to finance major projects through asset sales and privatization, will not resolve the country's underlying revenue collection issues.

Kenyans

📰 Read Full Story