Kenya has sixth highest number of poor people17.6 million Kenyans live below two dollars a day, as per new World Bank reportKenya has the sixth-highest number of poor people in the World, a new report by the World Bank shows.With 17.6 million Kenyans living below two dollars a day, Kenya sits behind India, Nigeria, Ethiopia, Tanzania and Madagascar in the number of people in extreme poverty, according to the report, Poverty and Shared Prosperity, 2018. However, the share of poor as a fraction of the total population, poverty rate, is better with only four out of 10 Kenyans living in poverty. In 2015, Kenya rebased its economy by including new sectors into the computation of the national output, gross domestic product (GDP). Official data shows that as of 2016, 8.6 per cent of Kenyans (3.9 million people), representing 682,000 households, were extremely poor. The World Bank report ranks India as having the highest number of poor people in the World, 175.7 million, which translates into a poverty rate of 13.4 per cent.

Source: Standard Digital October 11, 2019 21:56 UTC