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Financial decision-maker sentiment: Kenya

An ongoing look at how the attitudes of financial decision makers in Kenya are evolving during the COVID-19 pandemic.

Almost all financial decision makers in Kenya view the current economy as neutral or weak, and 63 percent expect it to be weak in three months. Job security concerns exist for 78 percent and household savings and income have decreased over the past month for most. Sentiment towards banks during the crisis is slightly net negative and consumers would like more flexibility towards late fees and loan payments.

About the author(s)

Francois Jurd de Girancourt is partner in McKinsey’s Casablanca office, Omid Kassiri is a partner in the Nairobi office, and Michael Panek is a specialist in the New York office.

The authors would like to thank Harshit Gupta and Lakshay Piplani for their contributions to this article.

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