Years of growth have not muted Kenya's unemployment - News Summed Up

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Years of growth have not muted Kenya's unemployment


Kenya's years of strong economic growth -- a key factor in President Uhuru Kenyatta's re-election campaign -- has created jobs. The number of new formal jobs is small. "We are not creating formal sector jobs at anything like the rate of the supply of formal sector potential employees," Ryan told Reuters. Growth was at 4.7 per cent in the first quarter of 2017, down from 5.9 per cent the same time last year, mainly due to drought and sluggish private sector credit growth. "Even the years of good headline growth have not made much of a difference to Kenyan job creation.


Source: The Star August 01, 2017 18:22 UTC



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