JOB CUTSThe gap means Kenya’s projected working age growth by nine million in the next decade will present a big headache. Kenyans continue to stare at looming job cuts, even as the latest data from Kenya National Bureau of Statistics (KNBS) shows the economy grew at 5.8 per cent. The private sector, which accounted for 67.2 per cent of the new formal jobs last year, expects to see more job cuts. Banks, microfinance institutions and transport companies foresee staff cuts arising from information technology (IT) disruption and completion of the standard gauge railway. The year saw more than 10 major firms implement or announce massive job cuts.

Source: Daily Nation May 01, 2017 17:08 UTC