The richest one percent of Kenyans got 40 percent of the new wealth created in the country amid strong economic growth over the last decade, increasing their fortunes as the number of extremely poor Kenyans burgeoned by millions.
The roughly 500,000 people now control 78 per cent of Kenya’s financial wealth, including stocks, company equity, physical assets and securities, while the bottom half of the population holds only a fraction of that.
