NSE companies lay off 4,250 staff in one year

Companies listed on the Nairobi Securities Exchange (NSE) shed more than 4,250 jobs last year. FILE PHOTO | NMG

Companies listed on the Nairobi Securities Exchange (NSE) shed more than 4,250 jobs last year as a prolonged election stand-off saw most companies shrink their payrolls to protect their bottom lines.

Annual report data for 57 NSE-traded firms covering the 2017 financial year shows that 29 of them cut back their workforce last year as economic growth dropped to a five-year low.

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