Amidst the ongoing turbulent economic times, the imperative of a robust savings culture continues to be very apparent. Businesses and companies worldwide are reassessing their expenditures, with job cuts and furloughs looming large.
Indeed, according to the Federation of Kenyan Employers, over 70,000 Kenyans employed by the private sector lost their jobs in slightly over one year, with 40 percent of employers reporting plans to reduce the number of employees to meet the increasing costs of operation.
