Job loss fears as firms issue profit warnings

Protesters march in Nairobi urging the government to lift a ban on labour export, especially to the Middle East. PHOTO | FILE | NMG

Kenya’s unemployment crisis is set to worsen in the near term as the fallout from a protracted electioneering and recent policies that have upended the economy becomes clear.

With thousands of jobs having been lost so far this year in the banking and manufacturing sectors, analysts said the private sector will at best freeze new hiring, but could well embark on a new round of retrenchments to survive the storm.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.