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Private sector pay falls for first time in over 30 years
The Federation of Kenya Employers (FKE) said that rising cost of doing business was forcing companies to retrench tens of thousands of workers every month to sustain their businesses.
Average monthly pay in Kenya’s private sector has fallen for the first time in over three decades to Sh75,781, reflecting the impact of the country’s soft economy that has pushed firms to keep a lid on costs.
The Kenya Revenue Authority (KRA) says the pay per employee has dropped from the Sh78,034 clocked in the quarter ended September last year.
