Kenyans are optimistic for an economy reopening in May

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A new survey done on Nairobi household shows the coronavirus containment measures easing in May.

The survey done by a Japanese investment firm, African Business Partners (ABP) samples household with a smartphone, access to the internet connection, and a monthly income of up to Ksh 50 000. 

77 percent of the household, which is the majority are hopeful of the partial reopening of the economy come May as coronavirus pandemic goes under control.

From the survey, more than half of the 77% believe that Kenya will have more gains in the fight against the virus, while 37% expressed hope that the Pandemic would be under control.

The show of a hopeful economy is in sharp contrast with the predicted 5,000 Covid-19 cases by the end of April and at least 10,000 more cases in May as projected by the Ministry of Health.

“Though media outlets are repeatedly reporting future projections of as high as 10 million cases and 300, 000 deaths across Africa, Kenyan seems to have a more optimistic outlook, likely based o the current low case count,” said ABP in the survey.

53 percent of the respondents said that the county’s measures like social distancing, curfew, and ban of mass gathering have been effective in reducing the spread of the virus.

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Anthony Kiratu is the Founder of Finsolutions. He is a financial analyst with over 5 years experience in research, investment advisory, valuation and financial modelling. Anthony is a member of the Institute of Certified Investment and Financial Analysts and Institute of Certified Public Accountants of Kenya. He is passionate about development of African Capital Markets through training of investors and dissemination of information for sound financial and investment decision making process. He is also a part-time lecturer in the Certified Investment and Financial Analyst course in the subjects of International Finance, Portfolio Management, Equity Investment Analysis, and Fixed Income Securities. Email: anthony@finsolutions.co.ke Contact: +254 780216631

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