What is Employment in Kenya?
The unemployment rate in Kenya has been steadily increasing for the past few years, with an estimated 3.5 million Kenyans out of work.
Kenya has made steps to curb this problem by implementing new programs aimed at reducing unemployment and boosting economic growth. One such program is the National Youth Enterprise Development Program (NYEDP). The NYEDP provides funding, mentoring, and training to youth enterprises that are located in high-risk areas or regions of Kenya. It aims to provide opportunities for unemployed youth aged between 18 and 35 years old who are either self-employed or running small businesses to become successful entrepreneurs with access to loans, grants, mentorships, and advocacy services.
How is Employment Influencing Kenyan Businesses?
Kenya has grown tremendously over the past two decades. The economic reform program has helped the Kenyan economy grow at an average of 4% per year. As a result, this has led to an increase in the number of jobs created by companies within Kenya. This is due to the fact that there is a higher percentage of employment rate than unemployment rate in Kenya.
The working age population is also increasing which leads to more potential for growth and steady employment rates.
How is Employment Affecting Kenyans’ Quality of Life?
Kenya has an unemployment rate of 20.2%. The country has an estimated 1.5 million unemployed people. This is a big problem because the unemployment rate is too high and it’s having a negative impact on quality of life for Kenyans.
How can Governments Encourage More Job Creation?
In Kenya, the Government needs to come up with a stimulus package for jobs that will encourage more job creation. They need to design a policy that will be able to get people back into work.
A survey conducted by the National Bureau of Statistics in 2013 showed that 68% of Kenyan youth are unemployed. This is a huge problem for this country and it is time that they implement policies to create more jobs so they can get more people out of poverty.
Current State and Future Outlook on Kenyan Employment Opportunities
Ultimately, the employment challenges faced by Kenya are due to lack of skills and expertise. The Kenyan labor market is characterized by a mismatch between supply and demand. However, with the help of technology and reform policies, this problem can be solved.