Kenya’s Growth Undercut by Corruption, Says World Bank

Kenya’s growth undercut by corruption, says World Bank

The bank warned that graft could raise Kenya’s borrowing needs, adding pressure to an already strained debt burden.

Kenyans pay more bribes to meet tax officials, get utility services report shows

The World Bank is warning that Kenya risks being trapped in a middle-income status with corruption being cited as the biggest obstacle to growth. According to the 34th edition of the Kenya Economic Update, nearly 36% of firms in Kenya report having experienced at least one bribery request in the past year, a proportion that […]

Corruption Costing Kenya Billions - World Bank

Corruption is costing Kenya billions of dollars annually in lost government revenue, higher business costs and reduced workers’ earnings, while weakening investment and economic… The post Corruption Costing Kenya Billions – World Bank appeared first on Latest Breaking News - News Central TV.

New World Bank economic report lists most corrupt institutions in Kenya

World Bank ranks Kenya’s police, land offices and vehicle licensing highest for bribes; corruption drains billions, suppresses workers’ pay and threatens growth.