Firms resume hiring, raise salaries amid costs increase

nairobi city county
[Image source: African Arguments | Credit: Nina R.]


Business Daily | by Constant Munda


Companies shrugged off biting cost pressures to resume hiring and marginally raise salaries in March to support sales and improve customer engagements, findings of a monthly private-sector survey suggest.

Stanbic Bank Kenya’s Purchasing Managers Index (PMI) found overall employment in agriculture, manufacturing, construction, wholesale and retail, and services sectors grew at the fastest pace in four months…

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