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August 19, 2025
2w ago

Kenya’s Economy May Grow But Don’t Expect Many New Jobs, CEOs Warn

Kenya’s Economy May Grow But Don’t Expect Many New Jobs, CEOs Warn

The country is currently facing an unemployment crisis...

✨ Key Highlights

Kenyan business leaders are optimistic about economic growth across several key sectors over the next 12 months, according to the Central Bank of Kenya’s Chief Executive Officers (CEOs) Survey for July 2025. However, this growth is not expected to translate into significant job creation, with staffing levels projected to remain largely unchanged.

  • Over 1,000 CEOs were interviewed across sectors including manufacturing, agriculture, and financial services.
  • The number of full-time employees remained largely unchanged in Q2 2025 compared to Q1, with a similar outlook for Q3.
  • Sectors like agriculture, financial services, tourism, and ICT anticipate enhanced performance, while manufacturing, wholesale/retail, and healthcare face headwinds.
  • CEOs recommend government investment in reliable infrastructure and prioritizing local manufacturers in public tenders.

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