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Can migration of labour spur Kenya’s economic rebound after Covid-19?
A truck driver from the Mombasa port undergoes a body temperature test in Bonje at the boundary between Kilifi and Mombasa counties on May 11. FILE PHOTO | NMG
Just as the rest of the world, the coronavirus pandemic has drastically affected Kenya’s economy and with projections showing that the virus will be around for much longer than anticipated. This impact is expected to further deepen.
With most businesses stalled, particularly in the hospitality, tourism and exports sectors, it is expected that the economy will contract significantly. As it stands, the Central Bank of Kenya (CBK) has revised its initial estimate for 2020 growth from 6.2 percent to 3.4 percent.