Sharp Daily
No Result
View All Result
Friday, June 27, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

TIFA survey: 87% of Kenyans tighten their belts as cost of living skyrockets

Brian Murimi by Brian Murimi
December 13, 2023
in News
Reading Time: 2 mins read

A TIFA survey has revealed that a staggering 87% of Kenyans are tightening their belts due to soaring living costs, with food taking the hardest hit, as 84% report reduced spending in this category.

The economic struggles depicted in the findings shed light on the performance of President Ruto’s administration, with a mere 2.3 out of 5.0 in protecting forests being the only bright spot in a landscape of discontent.

Despite promises to bolster the economy, 84% of respondents believe that under President Ruto’s leadership, the current economic conditions are worse than they were a year ago.

The survey’s evaluation of the president’s performance reveals mixed results, with only a few areas surpassing a score of 2.0 on the 5.0 scale. Notably, the government earned commendation in supporting agriculture (2.3), combatting pollution and contamination (2.2), and encouraging tourism and investment in tourism (2.1). However, critical areas such as reducing debt/donor financial dependence (1.8), reducing corruption (1.6), creating jobs (1.6), and, notably, reducing the cost of living (1.4) received significantly lower scores.

RELATEDPOSTS

TIFA: Alfred Mutua ranked the least active but most travelled CS

February 7, 2024

TIFA survey: UDA ranked most popular party in Kenya

December 13, 2023

The survey exposes a stark contrast in perceptions between government supporters and the opposition. While President Ruto’s backers tend to view his performance more favorably, opposition supporters overwhelmingly criticize his economic management.

This divide is especially evident in opinions about the government’s performance in reducing the cost of living. Only 13% of pro-government respondents express satisfaction, compared to 97% of pro-opposition respondents who vehemently disagree.

These findings raise crucial questions about the government’s capacity to address citizens’ economic concerns. As the majority of Kenyans grapple with financial challenges, President Ruto must take decisive action to bolster the economy and alleviate the cost of living to maintain public support.

Previous Post

Mthuli Ncube recognised as best African finance minister sparks uproar

Next Post

KuCoin settles $22 million lawsuit with New York state

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025

LATEST STORIES

Competitive advantages of small businesses

June 26, 2025

Opinion: Invest in sports for national prosperity

June 26, 2025

Ethiopia’s access to Eritrean ports is a game-changer for trade

June 26, 2025

The importance of internships and mentorship for young graduates: Insights from Cytonn Young Leaders Programme

June 26, 2025

Kenya must tame stock market volatility to unlock corporate growth

June 26, 2025

Unlocking the power of REITs: A path for retail investors

June 26, 2025

Kenya’s CIS market: Q1′ 2025 shows a surge, setting the stage for future expansion.

June 26, 2025

How Kenyan banks can bridge the cybersecurity talent gap

June 25, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024