Kenyan households and businesses have stockpiled an additional Sh483.3 billion of savings over the Covid-19 pandemic period, the biggest in over a decade, highlighting the impact of precautionary spending and thin investment opportunities in an environment fraught with uncertainties.
Data from the Central Bank of Kenya shows that banking sector gross deposits closed in January at Sh4.03 trillion, translating to a 12 per cent jump from Sh3.55 trillion in a similar period last year.
