Will huge capital investments hurt private consumption?

KENHA workers elect bumps at Rironi area along Nakuru Nairobi highway following a string of accident that have claimed numerous lives. June 1, 2023. [File, Standard]

For an economy whose indicators point to a dwindling consumer purchasing power, the government’s insistence on capital build-up as an enabler of economic growth seems to be moving away from the once-acclaimed Bottom-up Economic Transformation Agenda (Beta).