E.Mynah

Student || Journalist

[E.Mynah @e_mynah]

All in all more interventions should be made in order to help the country and it's citizens get back to their feet.
#EconomicSituationKE
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[E.Mynah @e_mynah]

Provision of subsidies to local farmers will also play a key role in increasing produces locally. Also, reduced importation of produces that can be found locally in order to increase the living standards of the farmers
#EconomicSituationKE

[E.Mynah @e_mynah]

The country should put up disaster management measures so as to cushion the country in case of drought and floods or other extreme weather conditions that would lead to food shortage.
#EconomicSituationKE

[E.Mynah @e_mynah]

Reducing taxes on basic commodities will at least increase the citizens' disposable income so that they are able to sustain their lives better.
#EconomicSituationKE

[E.Mynah @e_mynah]

The Kenyan government should reduce borrowing which will create space for private sector credit and higher investment in health, agriculture and education which are critical pillars for long term economic growth
#EconomicSitutionKE

[E.Mynah @e_mynah]

Over reliance on donor funding is one of the problems that need to be looked into as a shift from donor reliance will lead to developing domestic resource mobilization strategy.
#EconomicSituationKE

[E.Mynah @e_mynah]

What can be done help Kenya's economic crisis?
#EconomicSituationKE

[E.Mynah @e_mynah]

Corruption and weak governance have been blamed for economic crisis in the country as there has been unequal distribution of funds to various sectors of the economy. Trying to address the menace could be a step taken towards looking for possible solutions.
#EconomicSituationKE

[E.Mynah @e_mynah]

An increment in crime rate has been witnessed in the country as people have turned to other methods of getting cash to provide for their families as a result of poverty and unemployment
#EconomicSituationKE

[E.Mynah @e_mynah]

Weakened consumer spending has lead to a rise in unemployment and poverty which has immensely affected the Country's GDP
#EconomicSituationKE

[E.Mynah @e_mynah]

The allocation of student loans to tertiary and university students has also been interfered with because of the current cash crunch
#EconomicSituationKE

[E.Mynah @e_mynah]

Public universities are struggling to operate under deficits and the burden has been left to the students as universities have opted to increase student fees in order to ensure smooth operations
#EconomkcSituationKE

[E.Mynah @e_mynah]

The Education sector on the other hand has been affected as the government has started withdrawing funds towards public universities
#EconomicSituationKE

[E.Mynah @e_mynah]

The depreciation of the Kenyan shilling also means that Kenya's treasury will face difficulty paying back huge dollar-denominated debt
#EconomicSituationKE

[E.Mynah @e_mynah]

This situation could discourage foreign direct investments which is compounded by the weakening of the shilling against the dollar which means it costs companies more to buy forex
#EconomicSituationKe

[E.Mynah @e_mynah]

The shortage of US Dollars is also affecting Kenya's ability to compete in the global market as firms are used to buy forex at higher rates which reduces their ability to negotiate favourable prices
#EconomicSituationKE

[E.Mynah @e_mynah]

Kenya's commercial banks are facing a critical shortage of US Dollars which have a significant impact on the country's manufacturers and importers making it difficult to meet their obligations
#EconomicSituationKE

[E.Mynah @e_mynah]

Kenyans will also have to dig deeper into their pockets after introduction of new tax rates like mobile-to-bank and bank-to-mobile transactions. The new taxes have put immense pressure on Kenyan's financial capabilities especially those on basic salary.
#EconomicSituationKe

[E.Mynah @e_mynah]

The retail sector has felt the blow as high cost of living has stagnated the performance of businesses across all sectors
#EconomicSituationKE