The Government has reiterated that the Bottom-Up Economic Transformation Agenda (BETA) plan was designed to stimulate economic growth, create jobs, and promote inclusive development by addressing critical challenges such as poverty and unemployment.
Towards this end, the Government announced that it has achieved significant progress, including; bringing down inflation to 2.7 percent from 9.6 percent in August 2024 which marks a return to the Central Bank's (CBK) target range of 2.5 and 7.5 percent.
This decline, according to the Government Spokesperson Dr.
Isaac Mwaura, is as a result of effective fiscal management, stabilization of food prices and reduction in the cost of essential commodities like maize and sugar leading to a lower cost of living.
