Number of Kenyan super earners shrinks as income gap grows

Only 68,676 or 2.89 per cent of formal sector employees in Kenya earn more than Sh100,000 per month, according to newly released data, showing a widening income gap in the country.

The data from the Kenya National Bureau of Statistics (KNBS) shows that more than half of formal sector workers (64.5 per cent) are living on low wages of between Sh20,000 and Sh49,000 that have barely increased in the past 10 years, eroding the wage earners’ purchasing power.