The gross savings by Kenyans dropped to an all-time low of eight per cent of the gross domestic product (GDP) as of the end of last year, reflecting the squeeze of the high cost of living and dejection on low returns on funds.
A Kenya Institute for Public Policy Research and Analysis (Kippra) 2020 report shows the gross national savings stood at Sh776.1 billion as at the end of 2019, a sharp decline from Sh907.4 billion in 2018.
