Kenyan Wall Street | by Mwakaneno Gakweli
Clothing forms the smallest part of spending, taking only 2.5% of private expenditure, compared to 6.4% allocated for housing and 44.8% for food and beverages out of the total private expenditure of Ksh 7.9 trillion annually. This amounts to an average expenditure of Ksh 4,150 per persona annually, leaving many to settle for affordable second-hand clothes.
Despite the little financial commitment towards clothing, most of the population still spends more money on new clothes. However, the expenditure varies across areas of residency…
