It takes Sh2.2m to join richest 1pc of Kenyans
Monday March 01 2021
By VICTOR JUMA
The threshold means that the country’s most affluent class is packed with prosperous professionals and entrepreneurs.
With a Sh2.2 million threshold out of reach of most Kenyans, it also demonstrates the country’s relatively higher poverty levels and reflects Kenya’s wealth inequality.
Sh2.2 million can only secure a small plot of land in Nairobi’s outskirts, with the cheapest apartments in the capital city starting from Sh3 million.
The study describes wealth as the net assets of a person that includes property, cash, equities, business interests less any liabilities like loans.
Households feel heat of rising gas prices
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
High bills persist as reliance on costly power plants drops
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.
Households feel heat of rising gas prices
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Kenyan Inflation Rate Nears Year-High on Food, Fuel Price Rises
David Herbling, Bloomberg News A petrol station attendant waits by a fuel pump for customers at Ilama Diesel and Kerosene petrol station in the Huruma suburb of Nairobi, Kenya, on Wednesday, March 28, 2018. An impending 16 percent value-added tax on gasoline in Kenya will be passed on to consumers and increase inflation, practitioners told Bloomberg Tax. , Bloomberg
(Bloomberg)
Kenyan inflation accelerated for a fifth straight month in February as transport costs jumped and food prices edged higher.
Consumer prices rose 5.8% from a year earlier, compared with 5.7% the previous month, the Kenya National Bureau of Statistics said Saturday in an emailed statement. The median estimate of six economists in a Bloomberg survey was 5.7%. Prices rose 0.7% in the month.