A new report from Samantha Bridal, a Lifestyle and Events planning company, has revealed that Kenyans spent Ksh 15 billion on weddings in 2018.
According to a report from the company that was published on Business Daily, the wedding industry has grown and is now generating revenue well in excess of Ksh30 billion every year.
On average, about 28,000 Kenyans are wedded every year, with costs ranging between Ksh 500,000 for the conservative couples to Ksh43 million for the rich and flamboyant, inclusive of honeymoon costs, report stated.
Many are also taking their time to focus on finances before they exchanging vows.
“Of this amount, about half (Ksh15 billion) is spent on the actual day of the wedding,” reads the report.
“Kenyans are marrying late in life when they are established in careers that afford them a disposable income which they can use to finance the kind of wedding they want.”
Fatemi Bhaiji founder of Aura Events which is in the same business, says couples are upping their wedding budgets to fit in the models of wedding. Samantha Bridal reports the average cost of a wedding in Kenya currently stands at Ksh3.5 million.
“The cheapest wedding I have planned so far cost Ksh500,000 and most couples are spending upwards,’’ she said.