Private companies in Kenya step up hiring in January

NAIROBI: Private firms stepped up hiring in January to meet rising buyer orders, findings of a new survey have shown. CfC Stanbic Bank’s monthly study involving 400 privately-owned firms has shown that more jobs were created last month than any other period since May 2015.

That finding, if accurate, offers some reprieve that the economy could be on its way to recovery after a difficult 2015 characterised by job losses and slumps in profitability in the private sector. “2016 has begun on a solid footing, showing a similar trend to that seen towards the end of last year,” said  CfC Stanbic Bank’s Regional Economist, Jibran Qureishi.