×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Looming job crisis threatens millions as more firms see red

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.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Sports
Nairobi United's dream run turns into tough lessons
By AFP 20 hrs ago
Football
African players in Europe: Burkina Faso strikers on target in Premier League
By AFP 20 hrs ago
Football
Napoli beat rivals Roma to join Milan at Serie A summit
By AFP 20 hrs ago
Motorsport
F1 set for final-race showdown as Verstappen exploits McLaren blunder