Since President William Ruto took office in 2022, Kenya has faced a growing unemployment crisis.
Thousands of people have lost their jobs, and the situation seems to be worsening with each passing month.
According to reports from various sources including Citizen Digital, this alarming trend has continued for over two years, and the Federation of Kenya Employers (FKE) has recently published a report showing just how serious the problem has become.
The report indicates that many businesses in the country are cutting jobs as they struggle to manage their operations in the face of difficult economic conditions.
Jacqueline Mugo, the executive director of FKE, has expressed deep concern about the current state of the job market in Kenya.
According to Mugo, a large number of companies have been forced to lay off workers due to high operational costs and low profits.
This has left many families without a stable income, creating economic hardship for a significant portion of the population.
Mugo emphasized that if this trend continues, it could have long-term negative effects on the country’s economy, as fewer people working means less spending and weaker economic growth.
The FKE report paints a worrying picture of widespread job cuts across various sectors.
From manufacturing to services, many businesses are unable to sustain their workforce in these tough times.
The pandemic and the rising cost of living have made it even harder for companies to remain profitable.
Despite the challenges, businesses are often left with no choice but to make these tough decisions to stay afloat.
Mugo has also warned President Ruto and his government about the potential consequences of raising taxes in such a difficult economic climate.
She argued that further tax increases could put additional pressure on businesses that are already struggling.
The cost of doing business in Kenya has been rising steadily, and many companies are finding it harder to cope with these financial pressures.
If taxes are increased, it could force more businesses to close or lay off more workers, deepening the unemployment crisis.
Mugo has urged the government to reconsider any plans for higher taxes, as it could make the situation worse.
The FKE’s report serves as a wake-up call for the government. It highlights the need for policies that support job creation and economic stability.
With unemployment on the rise, it is crucial for both the government and the private sector to come together and find ways to protect workers and create more job opportunities.
Without urgent action, the unemployment crisis will continue to affect the lives of many Kenyans, and the economy may face even greater challenges in the years to come.
The government needs to understand that policies that encourage business growth and stability are essential.
It is important for leaders to create a favorable environment where businesses can thrive and employ more people.
In the long term, focusing on job creation and economic growth will help Kenya recover from the difficult period it is facing.
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