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Why banking on Kenya’s middle class has destroyed businesses

By Dominic Omondi | 4yrs ago
Vehicles parked outside Truce Lounge along Kiambu Road on Monday, August 30, 2021 [David Njaaga, Standard]

Not so long ago, a car was truly a symbol of status.

However, when the Covid-19 whirlwind plunged thousands of the not-so-rich people into joblessness, a typical car on Nairobi roads was exposed for what it is: a roving ‘kibanda’.

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