×
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
By Mose Sammy 14 hrs ago
Golf
Kivuitu stars to clinch back-to-back titles in Karen
By AFP 16 hrs ago
Sports
Uganda's Jacob Kiplimo captures third straight world cross country title
By Mike Kihaki 18 hrs ago
Sports
Team Kenya reigns supreme at World Cross Country Championships in Florida
By AFP 1 day ago
Football
Osimhen leads Nigeria past Algeria into AFCON semi-finals