×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - 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.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full 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
Motorsport
Government, private sector seal partnership for WRC Safari Rally 2026
Sports
Indiza, Wakhu, Mediratta start early preps for 2027 MKO
By Ben Ahenda 4 hrs ago
Sports
Youngsters chasing National Boxing League promotion
Golf
Magical Kenya Open: Indiza, Wakhu, Mediratta begin early preparations for next edition