Malls go bust on fairy tale of growing middle class - News Summed Up

Malls go bust on fairy tale of growing middle class


Kenya’s floating middle class, noted AfDB, is at 44.9 per cent, and without them, the country’s middle class would be at a low 16.8 per cent. Also included in the middle class that is touted to drive the expansion of shopping malls is this floating middle class. “Because we don’t have a social welfare system, a lot of the poorer Kenyans rely on the middle class for survival. “There is a big informal market in this country that the middle class shop in,” explains Anzetse, giving an example of a popular place along Nairobi’s Ngong Road where most middle class people buy quality furniture. The middle class in Kenya are also looking for a better deal, according to Anzetse.


Source: Standard Digital April 22, 2017 18:45 UTC



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