Kenyans poor savers despite financial inclusion

News published on Dec 27, 2023 @ 11:57 am

The rate at which Kenyans are saving for their future expenses and other basic needs remains low despite remarkable success in financial inclusion over the past years. National Treasury PS Chris Kiptoo says Kenya’s saving rate stands at about 12 per cent, against a financial inclusion rate of 84 per cent and a financial access rate of 82.9 per cent.

Topic
Remittance families and development
Focus Region
Africa