Kenya’s economy continues to feel the heat as real wages shrink for the fifth consecutive year, outpaced by the rising cost of living. Five banks have defied Central Bank policy by hiking loan rates, drawing the threat of daily fines. Economic growth slowed to 4.7%, the lowest since the Covid-19 era, leading to sluggish job creation. However, AGOA exports brought a silver lining, surging to a record Sh60.57 billion despite looming uncertainty over the deal's renewal.
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