Kenya Problems 6-4-24

 Kenya has endured a hunger crisis and prolonged droughts that are affecting the well-being and livelihoods of families across the country. Millions of vulnerable communities need humanitarian assistance. Food insecurity is a primary concern for many Kenyan families, and people lack access to clean water.

There is a large gap between the rich and poor, with approximately 70 percent of Kenyan families chronically vulnerable due to poor nutrition, food insecurity, and preventable diseases. Many Kenyans suffer from economic inequality while a minority elite continues to exploit their labor, resources, and opportunities.

The top individual income tax rate is 30 percent, and the top corporate tax rate is 30 percent. The tax burden equals 15.2 percent of GDP. Three-year government spending and budget balance averages are, respectively, 23.9 percent and -7.0 percent of GDP. Public debt amounts to 68.4 percent of GDP.

The overall rule of law is weak in Kenya. The country’s property rights score is below the world average; its judicial effectiveness score is below the world average; and its government integrity score is below the world average.

Kenya’s overall regulatory environment is relatively well institutionalized but lacks efficiency. The country’s business freedom score is below the world average; its labor freedom score is above the world average; and its monetary freedom score is above the world average.

The trade-weighted average tariff rate is 11.4 percent. Foreign ownership in some sectors is restricted, and state-owned enterprises undermine more dynamic private-sector development. The financial sector has become more open to competition, and its overall stability is maintained relatively well.

The vast plains and rolling hills of rural Kenya hold immense potential, yet often grapple with limited access to quality education and healthcare. This disparity can trap communities in a cycle of poverty and ill-health.

https://www.heritage.org/index/pages/country-pages/kenya#:~:text=The%20overall%20rule%20of%20law,is%20below%20the%20world%20average.

Comments

Kenya is not an oil producing country and will benefit from lower gasoline prices as the US begins to produce more oil. Kenya will need to produce more of what they consume to reduce their Trade Deficit.

Norb Leahy, Dunwoody GA Tea Party Leader