Financial gap threatens Kenya's economic future, experts warn

Experts warn financial illiteracy is holding back Kenya's economic growth.[Standard, File]

Experts have raised concerns about Kenyans' ability to "make, keep, and use" money, warning that low financial literacy could hamper the country's economic growth.

A 2021 survey by EFG Hermes found 38 per cent of Kenya's population is financially illiterate, with many struggling to manage income, savings and debt.