Central Bank of Kenya (CBK) governor Dr. Patrick Njoroge has warned Kenyans to expect an equally tough 2020 as 2019.
Dr. Njoroge said this in a series of posts on Twitter reflecting on 2019, which he termed as “a brutal year all round.”
“The verdict is in—2019 was a brutal year all round! Still, we accomplished a lot at @CBKKenya, the banking sector, and more widely. Our deep gratitude to all those that supported us in various ways thru the twists and turns in 2019. But there is still much to do,” Njoroge wrote.
In another tweet, Governor Njoroge noted: “The good news is 2019 is ending. The bad news is 2020 may prove as challenging. But we believe we are ready and will prove up to the task, ultimately improving the lives of those around us especially the most needy. For now, I wish you a restful break, close to kin and hearth.”
A recent poll by Research Company, Trends and Insights Africa (TIFA) showed that 2019 was the most difficult year for Kenyans. In the survey, Kenyans shared their feelings on eight key indicators namely; the economy, employment, politics, cost of living, primary and secondary education, security and public health.
A majority of Kenyans said the cost of living, economic conditions, and employment prospects had worsened in 2019.
@njuguna – how hard is 2020…
@njuguna – how hard is 2020 going to get so we can leave Kenya for Uganda and then come back in the year 2021, or thereafter, hoping you and your time will have eased the pain?
The problem is this…
The problem is this government has no good economic advisers.keep recycling such inexperienced folks who cripple the economy for no reason since we never had disasters or wars. just bad management.from the time he decided to close banks (the nerve of the economy) .the country has lost its image and trust
It cannot get worse than it…
It cannot get worse than it was in 2019. That was the highest point of the worse. Kenyans are used to it. It is not something new.