Implications of Russia’s invasion of Ukraine for the Kenyan economy

Victor Nechifor, Emanuele Ferrari, Marcellin Ndong Ntah, Martin Nandelenga and Amsalu Woldie Yalew

No JRC136628, JRC Research Reports from Joint Research Centre

Abstract: 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.

Date: 2024-02
New Economics Papers: this item is included in nep-agr, nep-cis, nep-int and nep-inv
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