Kenyans invest average of Sh2,000 in crypto currencies

Kenyan retail investors held cryptocurrencies worth an average of Sh2,076 ($16.08) each last year. FILE PHOTO | SHUTTERSTOCK

Kenyan retail investors held cryptocurrencies worth an average of Sh2,076 ($16.08) each last year, ranking at the bottom of allocation to the alternative assets ahead of Nigeria.

The 2023 digital global overview report by Meltwater, an online media monitoring company shows that Kenya was ranked 39 out of 40 countries sampled on the average annual spend on cryptocurrency per user last year.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.