Kenya: Economic Interventions or Religious Conventions?

Kenya: Economic Interventions or Religious Conventions?

The Gospel has now spread throughout the entire country of Kenya. Christianity is adhered to by an estimated 85.52% of the total population. Islam is the second largest religion in Kenya, practised by 10.91 percent of Kenyans. Other faiths practised in Kenya are Baháʼí, Buddhism, Hinduism and traditional religions. Self-determination is now the only option. Whether or not to totally or only intermittently practice religion. Your level of faith and belief is everything. You must acknowledge that we need to work without any deception. Instead of religious conventions, our nation yearns for deadly economic interventions. Furthermore, if you pass away from starvation, the church will always be there to bury you. When you put forth a lot of effort, even God will rejoice. If all you do is pray, how can God bless the labor of your hands? Why do you exclaim, "I receive," when you have no investment, no inheritance, no savings, no income, and no profits?

 Kenya’s real gross domestic product (GDP) is projected to grow by 5.5 percent in 2022 and 5.2 percent on average in 2023–24. This growth rate, while still strong, will be a moderation following a remarkable recovery in 2021 from the worst economic effects of the pandemic, when the country’s economy grew by 7.5 percent, much higher than the estimated average growth in Sub-Saharan Africa of 4 percent.

According to the 25^th edition of the World Bank Kenya Economic Update, Aiming High: Securing Education to Sustain the Recovery, the impact of the war in Ukraine is weighing on the global economic recovery from the pandemic. Domestically, a key risk to the outlook is a further worsening of the current drought, which is having a devastating effect on food security and livelihoods in affected parts of the country and is necessitating increased social spending on food assistance. For example, using the Integrated Food Security Phase Classification, it is estimated that 3.1 million Kenyans (out of 13.6 million) living in counties with arid and semi-arid land are food insecure. The baseline economic projections assume that below average rains will hamper agricultural performance and accounts for the downside effects of the ongoing war in Ukraine through increased global commodity prices.

“While Kenya’s economy has been resilient, the multiple recent shocks show the urgency of improving social protection mechanisms to cushion the most vulnerable households,” said World Bank Country Director, Keith Hansen. “This will enable Kenya to move away from other more costly and less well-targeted support measures such as fuel subsidies.”

The report further notes that Kenya’s economic performance remained strong in the early months of 2022, but external challenges have mounted. The economy is vulnerable to the commodity price shocks resulting from the war, particularly through fuel, fertilizer, wheat and other food imports. Global financial conditions have also tightened sharply, increasing external financing costs.

Economic Interventions starts at the Household level. Hallelujah!