Treasury Cabinet Secretary John Mbadi admitted that Kenya’s economy is struggling, explaining that the country’s financial problems stem from borrowing short-term loans for long-term projects. He stated that this has hurt the economy, leaving the country with high debt and limited funds for other important areas.
The US has imposed a 10% tariff on all Kenyan exports under a new trade policy. President Trump says the move aims to boost American industries and ensure fair trade. Critics warn it could cause global economic instability.
