Prime

Kenya hit by jobs slowdown for the first time in 4 years

A section of the workstation at the Squad Digital offices in Nairobi: Formal jobs added to the economy last year narrowed by a third from 128,000 in 2015 and 134,200 in 2013. FILE PHOTO | SALATON NJAU | NMG

 

By  NEVILLE OTUKI

The Kenyan economy lost its job creation momentum for the first time in four years, even as large numbers of previously employed individuals joined the labour market in wake of staff retrenchments that dominated Corporate Kenya in 2016.

Official data released yesterday shows that the economy created 832,900 new formal and informal sector jobs in 2016, down from 841,600 a year earlier.

PAYE Tax Calculator

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

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME CMA questions hit Kenya sale of Dangote shares

  2. PRIME How repeat Dubai trips exposed high-end phones smuggling route at JKIA

  3. PRIME CBK seeks power to raid, oust top bosses at payment firms

  4. PRIME From Olympic gold to sobriety: Wilfred Bungei’s second race

In the headlines

View All