Just a week after the Economic Survey was released and days after some worthy forecasters said they expect the economy to grow at an average of six per cent this year, chief executives of some of Kenya’s top corporations have expressed gloom over the country’s economic prospects.
And for that a fifth say they expect this to have an impact on not only their ability to hire more workers in the next six months but mostly important that the unfavourable business climate portends a continuation of staff reduction that has dominated the labour market in the past couple of years.
These varying views represent the conundrum that has become of the Kenyan economy – where ordinary citizens (including corporate citizens) experience hardship and see gloom while the government and its agencies tell a different story.
But even as the various policy wonks and economists continue in the fight of numbers, one thing remains clear.
That economic growth in Kenya in recent times has not been accompanied by growth in the number of quality jobs.
This is a problem that does not only need the right policies and huge investments but also long proper execution that is long term in outlook and separated from the electoral cycles.
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Note: The results are not exact but very close to the actual.
