60 per cent of Kenyan businesses are not looking to hire new employees in 2025, depicting a worrying trend for thousands of jobless Kenyans.
The Kenya National Chamber of Commerce and Industry (KNCCI), during the launch of its 2025 Business Barometer report at Serena Hotel, Nairobi on Tuesday, February 4, revealed that 8 business sectors were planning to cut on hiring due to several factors.
The 8 business sectors included retail and wholesale, professional services, hospitality and tourism, manufacturing and processing, transport, financial services, and mining.
According to the report, the decision to halt further employment of Kenyans this year was informed by the poor macroeconomic conditions in the country coupled with high taxation, and unfavourable government policies.
