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How insurance deals with storms
Kenya’s middle class has been the worst hit by the current economic uncertainties that came just when the Covid-19 effects were going down. PHOTO | SHUTTERSTOCK
Kenya’s middle class has been the worst hit by the current economic uncertainties that came just when the Covid-19 effects were going down. More than a third of the middle class are in a volatile category that the African Development Bank (AfDB) identify as the floating middle class.
A medical emergency or a job loss is enough to push the floating middle class into an even more dire economic position.