Business Daily | by Constant Munda
Kenyan private firms stepped up hiring at lower pay in March as they sought to clear work a backlog had been growing since November and build future stocks ahead of a fresh lockdown on five counties, a monthly suggested yesterday.
Findings of Stanbic Bank Kenya’s Purchasing Managers Index (PMI) — a measure of month-on-month private sector activity — suggested yesterday employers cut average salaries for workers for the fifth month in a row.
This happened in a depressed economic setting which saw corporate output weaken to…
