Daily average mobile money transactions for deals above Sh1,000 each have dropped 18.4 percent in the period Kenya imposed coronavirus movement restrictions, highlighting the impact of the infectious disease on workers and the cash flow of businesses.
Central Bank of Kenya (CBK) data shows that the daily average mobile transactions for high-value deals dropped to Sh5.57 billion between April 20 and May 10 compared to Sh6.83 billion before March 16—just four days after Kenya announced its first Covid-19 case.
