Kenyans spend less, borrow more as value of Sh1,000 drops

Kenyans are spending less and borrowing more, a new survey has revealed.

The poll indicates spending on essentials by households fell last year as Kenyans grappled with multiple shocks including high price of commodities, which are now beyond the reach of many, coupled with high taxation that has eroded their purchasing power.

Kenyans have in recent years been...