Implications of Russia’s invasion of Ukraine for the Kenyan economy
The Kenyan economy was significantly affected by the global supply chain disruptions stemming from the Russian invasion. The macroeconomic impacts were largely driven by global fertilizer and fossil fuel price increases. Rural households were nevertheless affected by raising food prices, notably those of vegetable oils. Kenyan Government intervention through fossil fuel subsidies contributed to an ease of the cost of living crisis by reducing prices, but came at a considerable fiscal cost. Fertilizer subsidies proved to enhance food security by boosting agricultural output with positive fiscal secondary effects.
NECHIFOR VOSTINARU Victor;
FERRARI Emanuele;
NDONG NTAH Marcellin;
NANDELENGA Martin;
YALEW Amsalu Woldie;
Nechifor Vostinaru, V., Ferrari, E., Ndong Ntah, M., Nandelenga, M. and Yalew, A.W., Implications of Russia’s invasion of Ukraine for the Kenyan economy, European Commission, Seville, 2024, JRC136628.
2024-02-06
European Commission
JRC136628
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