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November 26, 2025
3h ago

125 Kenyans Hold More Wealth Than 42 Million Citizens - Report

125 Kenyans Hold More Wealth Than 42 Million Citizens - Report

The report exposed an alarming level of disparity between the wealthy and lower-income households in Kenya over the past decade...

✨ Key Highlights

A new report titled Kenya’s Inequality Crisis: The Great Economic Divide reveals that just 125 individuals in Kenya possess more wealth than 42 million citizens combined, highlighting the alarming economic disparity in the nation.

  • The report indicates that this elite group controls more financial resources than 77 percent of the entire population, with the top 1 percent capturing nearly two-fifths of all newly created wealth between 2019 and 2023.
  • Oxfam Kenya, responsible for the report, highlighted that CEOs of Kenya's 10 largest companies earn 214 times more than the average teacher.
  • Kenya ranks 15th globally in extreme poverty, with 46 percent of the population unable to meet basic needs, and seven million people have fallen into extreme poverty since 2015 due to rising living costs, with food prices 50 percent higher than in 2020.

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