AIRLINK 177.00 Increased By ▲ 2.40 (1.37%)
BOP 12.81 Increased By ▲ 0.29 (2.32%)
CNERGY 7.49 Increased By ▲ 0.16 (2.18%)
FCCL 42.02 Increased By ▲ 2.09 (5.23%)
FFL 14.84 Increased By ▲ 0.16 (1.09%)
FLYNG 27.70 Decreased By ▼ -0.13 (-0.47%)
HUBC 134.51 Increased By ▲ 0.88 (0.66%)
HUMNL 12.96 Decreased By ▼ -0.01 (-0.08%)
KEL 4.44 Increased By ▲ 0.07 (1.6%)
KOSM 6.06 Increased By ▲ 0.05 (0.83%)
MLCF 54.51 Increased By ▲ 1.32 (2.48%)
OGDC 222.58 Increased By ▲ 9.67 (4.54%)
PACE 6.03 Increased By ▲ 0.03 (0.5%)
PAEL 41.30 Increased By ▲ 0.20 (0.49%)
PIAHCLA 15.62 Increased By ▲ 0.11 (0.71%)
PIBTL 10.06 Increased By ▲ 0.48 (5.01%)
POWER 11.17 Increased By ▲ 0.23 (2.1%)
PPL 183.99 Increased By ▲ 12.88 (7.53%)
PRL 34.31 Increased By ▲ 0.98 (2.94%)
PTC 23.34 Increased By ▲ 0.32 (1.39%)
SEARL 91.07 Decreased By ▼ -0.30 (-0.33%)
SILK 1.11 No Change ▼ 0.00 (0%)
SSGC 33.98 Increased By ▲ 1.47 (4.52%)
SYM 15.96 Decreased By ▼ -0.04 (-0.25%)
TELE 7.86 Decreased By ▼ -0.01 (-0.13%)
TPLP 11.01 Increased By ▲ 0.02 (0.18%)
TRG 58.72 Increased By ▲ 0.42 (0.72%)
WAVESAPP 10.79 Decreased By ▼ -0.30 (-2.71%)
WTL 1.36 Increased By ▲ 0.02 (1.49%)
YOUW 3.81 Increased By ▲ 0.02 (0.53%)
BR100 12,023 Increased By 222.2 (1.88%)
BR30 36,605 Increased By 1166.7 (3.29%)
KSE100 113,713 Increased By 1459.4 (1.3%)
KSE30 35,302 Increased By 517.9 (1.49%)

The proportion of Kenyans living in poverty has fallen by 10.5 percentage points in a decade, to 36.1 percent, the statistics office said on Thursday. The Kenya National Bureau of Statistics (KNBS) attributed the drop to economic expansion and devolution of resources to local authorities. The economy of the East African nation grew an average 5.2 percent a year between 2006 and 2016, helping to boost real per capita GDP by 2.3 percent a year, the office said in a report. This helped lower the proportion of those living below the poverty line, defined as monthly consumption of less than 3,252 shillings ($32.25), to 36.1 percent in 2015/16 from 46.6 percent in 2005/6.
"The significant improvement in the living standards of majority of Kenyans is attributable to government's investments in infrastructure and social sector," said Finance Minister Henry Rotich. There were 16.4 million people below the poverty line at the time of the survey, KNBS said, down from 16.6 million a decade earlier - when the population was 10 million people lower.
In 2010, Kenya created a second layer of government in the shape of 47 counties. The so-called devolution is intended to promote development in rural areas, since the counties are allocated a minimum of 15 percent of the budget every year.

Copyright Reuters, 2018

Comments

Comments are closed.