| dc.description.abstract | Adverse weather conditions have
become more prevalent all over the
world, and with devastating impacts
on economies. In Kenya, adverse weather
conditions are manifested in the frequent
occurrence of droughts and floods, and while
droughts are widespread throughout the
country, floods tend to be localized.
Data obtained from Climate Hazards Group
InfraRed Precipitation with Stations (CHIRPS)
shows that there has been an increase in the
frequency of occurrence of drought months in
Kenya, ranging from mild to extreme drought. The economic effects of droughts and
floods are manifested in the disruption of
production flows resulting in production
losses, income losses, loss of employment,
and increased operational costs. These
effects are compounded by lack of and/or
inadequate infrastructure development such
as storage facilities that can absorb surpluses
during bumper harvests. However, droughts
and floods do not occur in isolation, and at
times they occur in presence of other events that have effects on economic systems,
including political instability, high international
commodity prices, and global downturns,
among others... | en |
