Because of the critical role that the education sector holds in rebooting the country’s economy from the damage of Covid-19, President Uhuru Kenyatta’s administration plans to roll out a Sh386 billion package that will seep into almost every sector of the economy. And the money will not only go to the conventional beneficiaries of the education supply chain such as farmers, teachers, bookshops and publishers. This was a downgrade from an earlier projection of 1.5 per cent growth, and it was mostly due to nearly zero output of the education sector following the closure of institutions in March. But if the education sector contributed to the drop in economic output last year, it will also play a major role in its rebound in 2021, according to the World Bank. The global lender expects the economy to rebound relatively quickly in 2021, lifting real gross domestic product (GDP) by 6.9 per cent year-on-year.

Source: Standard Digital January 04, 2021 05:37 UTC