Kenyans Growing in Resilience: Why we are Equipped for Economic Shocks.

For most Kenyans, 2025 is when the economy shifted from under their feet. This was accelerated by the disruptions occasioned by the COVID-19 pandemic. Recent data however indicates that households built critical buffers to absorb the shocks making them more resilient as attested to in 2024 economic survey and reported in Business Daily

Dr. Julian Rowa was invited to lend his thinking in the article of xx/xx/xxxx. It is evident Kenyans have graduated from vulnerability to vigilance evidenced by the assertion that 33.3% of Kenyans can better manage financial risks in 2024, an improvement from 23.3% in 2021. People found creative ways to diversify income streams, build savings by rethinking financial priorities.

But what is driving this shift? The pandemic taught Kenyans the essence of diversified incomes through side hustles and financial discipline and better money habits paying attention to budgeting and debt management aided by digital tools that are democratizing financial planning such as digital banking, finance apps, WhatsApp-based advisory channels, and online investment platforms.

Full Article.

Business Daily – https://www.businessdailyafrica.com/bd/economy/kenyans-now-better-prepared-to-handle-economic-challenges-5048284

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