While Qatar has reportedly spent $200 billion or more, most nations are now unwilling to spend a fraction of that on money-losing mega-events like the World Cup or the Olympics. The IOC and FIFA are scrambling to change their ways before it’s too late.
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Poverty levels in Kenya should resume their pre-coronavirus pandemic decline as the nation’s economy continues to rebound, according to the World Bank.
The proportion of the population living on less than $2.15 a day is expected to fall to 25.8% this year, from 26.7% in 2021, the Washington-based lender said in its Kenya Economic Update released Thursday. That would be lower that the 26.5% recorded in 2019 before the pandemic struck.