Kenya: Corruption in Kenya Taking Massive Toll On Economic Growth, Warns World Bank
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A World Bank report published Wednesday warns that corruption is severely damaging economic growth in Kenya. The organization states that the country loses billions of dollars every year in revenue. These losses include inflated costs for businesses and reduced earnings for workers. The report indicates that corruption also negatively impacts overall investment in the nation.
[RFI] 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.