850,000 new jobs created last year signal economy is on the mend

KNBS Board Chair Stephen Wainaina, Treasury CS Prof Njuguna Ndung'u and PS James Muhati during the release of Economic Survey 2024 at the KICC, Nairobi. [Edward Kiplimo, Standard]

The government says the economy is on the recovery after reporting 848,100 new jobs were created in 2023, recording a four percent increase over the previous year.

The positive outlook comes even as the informal sector continues to provide the most employment as formal jobs become hard to come by for Kenya's youth.