World Bank Report: Kenya Tops Sub-Saharan Africa in Children’s Human Capital Index (HCI)
According to the World Bank’s April 2024 Africa Pulse Report, the number of households with primary school-aged children that do not attend school has declined from 17 percent in 2005 to 5 percent in 2021.
This decline is due to the government’s efforts to provide free primary education to its population.
As a result, the country experienced substantial growth while also reducing poverty and inequality.
Furthermore, many Kenyan households are resilient to market price fluctuations and inflation in a variety of commodities. Market-oriented reforms and advances in pre-market outcomes like education and health have significantly contributed to the region’s outstanding growth.
Extreme Poverty.
According to global data, Sub-Saharan Africa accounted for 60% of the 700 million people in extreme poverty in 2019.
According to the World Bank, about a third of the extremely poor live in the Democratic Republic of the Congo and Nigeria, with the remaining third spread among six countries: Ethiopia, Kenya, Madagascar, Mozambique, Tanzania, and Uganda.
Over the last thirty years, evidence from numerous countries suggests that societies with greater baseline levels of inequality have poorer poverty reduction rates.
The World Bank states that the speed of monetary poverty reduction in Sub-Saharan Africa has paralleled that of aggregate per capita growth, with the rate of growth transmission to poverty reduction among the lowest in the world, owing partly to the region’s high inequality.
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According to hopeful estimates, the country’s GDP will rise by 5.2 percent in the fiscal year 2025-2026. These forecasts are influenced by expected investor inflows into the nation are one factor that influences these forecasts.
World Bank Report: Kenya Tops Sub-Saharan Africa in Children’s Human Capital Index (HCI)
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