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Kenya, boom for second hand market

Many sell their items to pay the rent

06-04-2021 by redazione

It's boom time for the second-hand market in Kenya, but it's not good news.
After the past few years, from 2015 to the start of the pandemic, in which the African country saw record growth in GDP and in the well-being of the so-called emerging class, Kenyans are now having to deal with economic deadlock (there is no talk of recession yet, but the crisis is evident in the middle classes). According to data provided by consumer associations, thousands of citizens are turning to dealers, online sites and street markets to sell second-hand items that they surrounded themselves with in the past years and that are now not only superfluous, but may become the only resource to continue paying the rent for example.
Arrears and debts accumulated over the past year advise Kenyans to launch unmissable offers on their tools, furniture and technological equipment. And for those who sell, there is always someone who can sniff out a bargain and has the money to invest.
According to a survey by the website "Kenyans", the number of second-hand dealers in Nairobi has risen from two offers a week to an average of more than ten people calling daily to sell their things.
And these are almost exclusively objects that were on display in the houses rented during the years of income, if not furniture. Those who can afford it are buying these days because, as workers in the sector confirm, there are those who sell off their sofa or other furniture at very affordable prices.
On the other hand, there are many new unemployed, especially in the tourism sector and in public places such as discos and pubs.
"We definitely have a problem in the hospitality sector," President Kenyatta confirmed, "we will probably also have a problem in the entertainment sector and we will try to see how we can work together to support some of these sectors. We will have to deal on a case-by-case basis because the problems of relief and support affect the whole country."

 

TAGS: usato kenyamercato kenya

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