× Digital News Videos Opinion Special Reports Lifestyle Central Coast Eastern Nairobi North Eastern Nyanza Rift Valley Western Business News Stocks Financial Standard Africa Asia America Europe Weird News Editorial Commentary Letters Crazy World Features Entertainment Money & Careers Health & Science Sci & Tech Home & Away Generation Next Cartoon Education Pointblank Environment Travel & Destination Columns Kipkoech Tanui uReport Kiambu Murang'a Nyandarua Kirinyaga Nyeri Baringo Bomet Elgeyo Kajiado Kericho Laikipia Nakuru Nandi Narok Samburu Trans Nzoia Turkana Mombasa Kwale Kilifi Tanariver Taita Taveta Kakamega Vihiga Bungoma Busia Siaya Kisumu Homabay Migori Kisii Nyamira Nairobi Uasin Gishu West Pokot Sunday Magazine The Hague Trial Kenya @ 50 Education and Training Health and Environment Insurance and Financial Security Housing Current Affairs Humour Makau Mutua David Oginde Clay Muganda Comand Your Morning Mohamed Wehliye Wednesday Life Alexander Chagema Arts & Culture Kamotho Waiganjo Barrack Muluka Xn Iraki Urban Rights - By Steve Ouma Branding Voice KCB Fredrick Ogola Sunday Magazine Wanja Kavengi Njoki Kaigai David Oginde Ken Opalo Daisy Maritim Houghton Irungu Hustle News Group Stages Round of 16 Quarter Finals Semi Finals Finals Third Place play-offs Opinion Dr Pesa Podcasts Round Table Sepetuko Eve Woman Ramadhan Special Fact Check Correction Explainers The Standard Insider Blog E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Kenyan youth top in enterprise skills

By Peter Theuri | September 15th 2020 at 12:00:00 GMT +0300

Kenyan youth in Eastleigh undertaking urban hygiene and sanitation works in the estate on June 08, 2020. [John Muchucha, Standard]

With economies looking to recover from Covid-19, young people in Kenya and emerging markets are the most confident in their skills and are prepared to work hard to realise opportunities in a new world, a new survey shows.

Younger generations are more willing, or able, to adapt to the current circumstances, with many graduating or leaving school in the midst of a global recession.

The survey by Standard Chartered Bank found that 75 per cent of 25 to 34-year-olds globally (95 per cent in Kenya, the highest surveyed) would set up a second income stream.

Seventy-two per cent of those aged 18 to 44 years (88 per cent for this age range in Kenya) would reskill, compared to 37 per cent of those aged 55 and above (60 per cent in Kenya).

Covid 19 Time Series


According to the survey, two-thirds of Kenyans have had to survive on lower earnings than before Covid-19.

Further, more than half expect the pandemic to further affect their incomes and employment opportunities in the future.

“Kenyans have been particularly hard hit financially, with respondents reporting the highest levels of increased borrowing of any market surveyed at 63 per cent, while 72 per cent have reduced their levels of saving,” said StanChart Head of Retail Banking, Kenya and East Africa Edith Chumba.

“Yet Kenyans were among the most confident and willing to adapt: 89 per cent believe they have the skills to thrive in a more digital, post-Covid world; 93 per cent would set up a second income stream, while 87 per cent would retrain or learn a new skill.”

Covid-19 Standard Chartered Bank
Share this story


Read More