Firms ‘stepped up hiring ahead of curbs’

nairobi city county
[Image source: Stuart Price | Make it Kenya, Creative Commons via Flickr]
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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…

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nairobi city county
[Image source: Stuart Price | Make it Kenya, Creative Commons via Flickr]

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