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Kenya’s super rich now control two thirds of Sh6.2trn economy
Unequal distribution of the wealth has left millions of ordinary citizens looking for signs of Kenya's new lower middle-income status. PHOTO | FILE
Some 8,500 super wealthy individuals now control more than two thirds of Kenya’s Sh6.2 trillion economy, a newly released wealth report says revealing a widening gap between the rich and the poor.
The data, which was compiled over the eight years to December 2015, shows that the ranks of affluent individuals grew by 200 in the past two years, raising their combined net assets to Sh4.24 trillion — exposing the extent to which wealth distribution is skewed in favour of a tiny clique.
