Connect with us

Hi, what are you looking for?

top
Capital News
The study conducted May 31 and June 6 also indicated 62.2 per cent of respondents were unable to afford bus fare with 19.4 per cent opting to use boda boda as an alternative means of transport/FILE

business

61pc of Kenyans unable to pay rent over virus-triggered economic downturn: KNBS

NAIROBI, Kenya July 9 – The economic meltdown occasioned by the COVID-19 pandemic has taken a toll on livelihoods with a new study by the Kenya National Bureau of Statistics (KNBS) projecting as much as 61 per cent of Kenyans were unable to pay their rent in May.

The study conducted May 31 and June 6 also indicated 62.2 per cent of respondents were unable to afford bus fare with 19.4 per cent opting to use boda boda as an alternative means of transport.

The report released on Thursday by Cabinet Secretary for Treasury Ukur Yattani indicates only 0.7 per cent of Kenyans residing in rental houses had received a rent waiver or relief from landlords.

“To overcome the financial distress caused by the pandemic, majority (41.9 per cent) of the households had cut on financial spending on commodities they could do without while 14.8 per cent took a loan from a friend/relative/neighbor. Notably, 36.7 per cent did not take any measure to overcome the financial distress caused by the COVID-19,” the CS pointed out.

Only 18.4 per cent of respondents said they had received financial support from relatives or friends.

“A higher proportion (22.9 per cent) of female-headed households received cash transfers/remittances from relatives or friends compared to 16.9 per cent of male-headed households,” Yattani said.

Respondents were interviewed through Computer Assisted Telephone Interviews approach.

The slowed economic performance is largely attributed to far-reaching COVID-19 containment measures imposed on April 6, including banning of inter-county travel, which resulted in closure of most transport and tourism-linked business.

Advertisement. Scroll to continue reading.

President Kenyatta on July 6 lifted travel restrictions into and from Nairobi, Mombasa and Mandera county with domestic flights scheduled to commence on July 15 in a bid to reinvigorate the economy.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Play to listen to Capital FM News
Advertisement

More on Capital News

Kenya

NAIROBI, Kenya Sep 28 – Ugunja MP Opiyo Wandayi has rolled out a legislative process to lock out public officers facing corruption charges from...

World

Dubai (AFP), Sep 28 – Millions of people will begin converging on Dubai this week as the Covid-delayed Expo 2020, the world’s biggest event...

Kenya

NAIROBI, Kenya Sep 28 – The newly unveiled Teachers Professional Development programme (TPD) has suffered a major blow after an education consultant Joseph Ngethe...

Kenya

NAIROBI, Kenya Sept 28- The Energy and Petroleum Regulatory Authority (EPRA), the Kenya Pipeline Company (KPC) and the Petroleum Institute of East Africa are...

World

United Nations (United States) (AFP), Sep 27 – Israel’s Prime Minister Naftali Bennett said Monday Iran had breached all the “red lines” aimed at...

World

United Nations (United States) (AFP), Sep 27 – The UN General Assembly drew to a close Monday without speeches by Afghanistan or Myanmar after...

World

Berlin (AFP), Sep 27 – Germany is headed for weeks, if not months, of protracted coalition haggling as Chancellor Angela Merkel’s conservatives insisted Monday...

Kenya

NAIROBI,Kenya Sep 27 -Information and Communication Technology (ICT) Cabinet Secretary Joe Mucheru has urged the youth to exploit digitization as a force for public...