Kenyan Wall Street | by Mwakaneno Gakweli
Kenyans spend more money on new clothes than they do on mitumba, a report by the Institute of Economic Affairs (IEA) shows.
The report dubbed “State of Second-Hand Clothes and Footwear Trade in Kenya” shows that only 8.5% of households spent more than Ksh 1,000 on second-hand clothes and shoes.
This is a shy comparison to 25.5% of families who spend over Ksh 1,000 on new clothes, indicating a high value of money directed to new clothes compared to second-hand clothing. Further, average expenditures on the two categories differ widely…
