Kama you have ability to buy things in Kenya maandamano yalikuwa ya nini na sufuria kichwani. Big purchasing power no problem buying essential items such as Unga lakini mpaka state subsidy 🤣🤣🤣🤣🤣🤣Bro,
Here purchasing power is the capacity of a population to spend. It is the amount of money that a population has to spend.
Secondly, the price of 2kg unga in Kenya is 1USD, not 2USD.![]()
Definition of PURCHASING POWER
the amount of money that a person or group has available to spend; the value of money thought of as how much it can buy… See the full definitionwww.merriam-webster.com
Now, the price of something might be cheaper in Tanzania, say a kilogram of meat costs KES 400 in Tz and KES 650 in Kenya. However, the average Kenyan might have the capacity to buy a kilogram of meat every day at 650 while the average Tanzanian might not be able to afford it everyday at 400. That'll make Kenya to have a higher purchasing power that Tanzanian even though Tanzania has a lower cost of living. That's why countries like USA are said to have very high purchasing power even though they have a very high cost of living. Comprehende?
Yaani you take concessions loans from IMF and WB changanya na commercial loans kulipa subsidy ili ku maintain a constant supply ya mavi to the sewers. The country is roasted to its core.
Maize flour subsidy debt hits Sh3.4bn
Debts to millers who supplied maize flour under the State’s subsidy last year have hit Sh3.4 billion.