According to the report, poverty was defined as those with a monthly expenditure of lower than Sh3,947 in rural areas and Sh7,193 in urban areas. Despite having the third highest number of poor people at 759,000 Nairobi county has the lowest proportion of poor people to the total populati...
Banks have cut the deposit and savings rates partly due to their inability to raise interest charges as they await approval from the CBK. On average, lending rates had dropped to 11.92 percent in October from 12.43 percent a year earlier....
The latest instalment of the Knight Frank Wealth Report places the number of Kenyans with a net worth of at least $30 million (Sh3.3 billion), including their primary residence, at 90 last year. Their ranks shrank from 106 in 2019, but are expected to expand to 110 by 2025. Africa’s...