Wednesday, April 30, 2014

Kenya's essential economic engine

Let's unpack this article from Nairobi's Standard newspaper.

Government statistics show that Kenya created 724,800 new jobs last year.

  • 26,300 were government jobs
  • 89,700 in the private sector
  • 626,800 in System D

Meaning that 86.5 percent of the new jobs in the East African nation were off-the-books and informal. That's some economic engine.

As the Standard says, "Despite being essential in employment creation, the informal sector has largely operated with little support from the government, which to a large extent failed to offer a conducive environment."

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