×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Looming job crisis threatens millions as more firms see red

Vocalize Pre-Player Loader

Audio By Vocalize

Four in ten companies in Kenya reckon the worsening business. [iStockphoto]

President William Ruto's plan to create more jobs faces a bleak future with more than half of Kenyan firms warning of a business slowdown this year which could lead to a fresh round of job losses.

Additionally, according to the just published Central Bank of Kenya Market Perceptions Survey, which polls businesses, four in ten companies reckon the worsening business on the back of higher tax and regulatory levies burden coupled with slow demand from consumers could hurt their operations.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Athletics
Kamworor now dreaming big ahead of London Marathon
Sports
Five down two standing: Will Butere and Moi Girls Kamusinga survive the champions purge?
Rugby
Shujaa name squad for Hong Kong SVNS World Series Championship
Football
Stage set for Football Mums tournament in Kibera