Corruption in Kenya Taking Massive Toll on Economic Growth, Warns World Bank

World Bank urges Kenya to curb graft, raises 2026 growth forecast

World Bank Sees Kenya GDP Increasing by a Fifth If Graft Tackled

Kenya could boost gross domestic product by more than a fifth within a decade and significantly reduce debt as a percentage of GDP if it tackles corruption, the World Bank said.

Corruption in Kenya taking massive toll on economic growth, warns World Bank

Corruption is costing Kenya billions of dollars each year in lost revenue, inflated business costs, and lost earnings for workers, while taking a huge toll on investment and economic growth, the World Bank said in a report published Wednesday.

Corruption costing Kenya billions: World Bank

Kenya ranks among most corrupt lower-middle-income countries, losing billions of dollars in revenue annually, new World Bank report shows, cites several procurement scandals.

Corruption costing Kenya billions, says World Bank report

The World Bank ranked Kenya among the most corrupt lower-middle-income countries, estimating that weak governance adds US$2.8 billion, or 2% of GDP, to its annual fiscal deficit.