Browsing: Unemployment in Kenya

Workers sorting bananas and arranging them into creates at Twiga Foods Limited in Syokimau in Nairobi on May 30, 2019. www.theexchange.africa

Twiga Foods downsizes workforce, cuts workers’ benefits

Industry and Trade

According to Twiga, the transition was made in full compliance with the labour laws. Every impacted employee receives one month’s pay notice, termination pay of 15 days for every year worked, and pay for all outstanding leave days. The impacted employees have also been granted the first right of refusal to transition to the new model.

The company had in October stopped its engagement with expatriates who were offering different services across various departments.

Twiga has also cut its staff per diem for the remaining staff from a high of Sh4, 000 to Sh1, 000 where accommodation has been provided on a single room bed and breakfast basis.

The firm also has limited employees’ travel allowances to those whose work necessitates them to travel for more than 75 per cent of the month.…

Industries without smokes: A new path to employment in Africa 

Business

Africa is great and can be greater if its potential is harnessed strategically. This comes in many forms including placing enough recipes for Africa’s youngest working-age population to exploit different sectors of the economy. 

Numbers paint a rather interesting picture.  Between the year 2015 and 2035, the region’s working-age population will grow by approximately 450 million people, which is about 3 per cent per annum. 

Meanwhile, the African Development Bank (AfDB) one of Africa’s vibrant development financiers noted that “youth are Africa’s greatest asset” and could support increased productivity and stronger, more inclusive economic growth across the continent.  

Meanwhile, the International Labor Organization (ILO) pointed out clearly that unemployment rates have remained acute; the most unfortunate situation is that in sub-Saharan Africa, out of the 38.1 per cent of the estimated total working poor, 23.5 per cent is made up of young people. 

ILO’s Global Employment Trends for Youth 2020

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Kenya’s unemployment rate doubles -KNBS

Countries

Kenya’s unemployment rate doubled between April and June as 1,716,604 Kenyans lost jobs in this period according to the Kenya National Bureau of Statistics (KNBS).

According to the KNBS quarterly labour report, the number of those who have jobs (employed) shrunk to 15.9 million from a high of  17.8 million in Mach.

The unemployment rate in Kenya now stands at 10.4 per cent from 5.2 per cent in March with the employment to population ratio decreasing from 64.4 per cent to 57.7 per cent.

The number of people without jobs increased by 58.6 per cent to 1.8 million people from 961,666 in the first quarter.

The unemployment figure is however further aggravated by a rise in the number of the long-term unemployed(individuals with continuous periods of unemployment extending for one year or longer) and individuals outside the labour force which masks the unemployed statistics.


source: tradingeconomics.com

The long-term unemployed increased …