Kenya to IMF; employers overstated job loss figures

A view of the Central Bank of Kenya Head office in Nairobi. [File, Standard]

Top officials at the National Treasury and Central Bank of Kenya told the International Monetary Fund (IMF) that the high unemployment numbers given by employers were false.

In what is likely to fuel tension, the government told the Washington-based institution that employers and manufacturers might have taken advantage of the Covid-19 Pandemic to exaggerate the negative economic impact.