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8,300 super-wealthy control two-thirds of Kenya’s economy
Equity Bank CEO James Mwangi is ranked among the 16 enterprising individuals classified as centimillionaires in the New World Wealth report. FILE
Nearly two-thirds of Kenya’s Sh4.3 trillion ($50 billion) economy is controlled by a tiny clique of 8,300 super-wealthy individuals, the report by New World Wealth shows.
The group of dollar millionaires is on average worth Sh7.1 billion ($83 million) each, highlighting the huge inequality between the rich and the poor.
