Opinion: How Kenya can tap the potential of MSMEs for jobs – Mohammed Doyo

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Business Daily | by Mohammed Doyo

The Kenyan labour market is characterised by inadequate employment opportunities especially for the fast growing youth population.

According to the United Nations Human Development Index (HDI) 2017 report, Kenya recorded 39.1 percent unemployment rate.

The statistics show that Kenya for the last 30 years has not had its economy expand enough, and the progression has been correspondingly inconsistent to consolidate any gains made in job creation. This is exacerbated by Kenya’s population that surges by one million people each year.

Widespread joblessness, particularly among the large youth population, is a strain on the economy because it forces unemployed adults to depend on the small working class, stretching family resources and consuming savings for future investments….

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