According to the report, his annual earnings of Sh19,800,000 translate to 1,993 per cent of Kenya’s per-capita GDP, which stood at Sh811,615 in 2023.

Tthe IMF has lowered Kenya's GDP growth forecast for the country to 5.0 per cent.

The macroeconomic indicators generally showed mixed performance in the period under review.

The World Bank attributes the downgrade to the continued struggle with weak government balance sheets, partly from low revenue collection and high deb...