×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - 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.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Rugby
Experienced Okello, Chajira named in Kenya Lionesses squad for Rugby Africa Cup
Football
McCarthy set for emotional South Africa reunion after AFCON Draw
Sports
Junior Starlets gear up for World Cup qualifier encounter against Uganda
Athletics
Under-20 talents to face off in battle for tickets to world event in Eugene