The proliferation of low-wage informal sector jobs has derailed Kenya’s progress on poverty eradication. According to a new report by the World Bank, the rate of poverty reduction has slowed down since 2019 despite the transformation of the economy away from the traditional and mainstay agriculture sector. The report—The Kenya Poverty and Equity Assessment 2023: From Poverty to Prosperity: Making Growth More Inclusive—shows that the country made the most progress in reducing poverty levels between 2005 and 2015 when the absolute poverty rate fell to 36.1 per cent from 46.7 per cent, with the number of poor individuals declining from 16.5 million to 15.8 million even as the population
Hence then, the article about world bank says low wage jobs derailing poverty fight was published today ( ) and is available onBloomberg News Today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( World Bank says low-wage jobs derailing poverty fight )