Formal self-hired hustlers expand slowest in 13 years

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Tinsmiths at Kamukunji Jua Kali centre in Nairobi on March 22, 2023. PHOTO | WILFRED NYANGARESI | NMG

The number of Kenyans starting and running formal ventures last year rose at the slowest pace in more than a decade excluding the pandemic year, signalling in part the impact of rising inflation and piling cost of operation.

The official jobs report shows self-employed and unpaid family workers grew at an estimated 2.69 percent in 2022, the most sluggish since 2009 when the country was coming out of the deadliest post-election violence and smarting from the worst global financial crisis.

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