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Little hope for job seekers
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Howdy! It's Brian again.
In today's edition of ‘The Daily Brief’ a new report projects that many Kenyan businesses are unlikely to hire new employees this year. However, a PMI report from Stanbic shows that the health of the private sector remains above the stability index.
Here's more…
ECONOMY
A Frozen Job Market?
The latest Kenya National Chamber of Commerce and Industry (KNCCI) Business Barometer shows that 60% of businesses do not expect to hire this year, a significant shift from previous years that’s largely driven by a decline in sales and an increase in operational costs. However, 65% of businesses remain optimistic about growing their revenue in 2025, a slight decline from previous quarters, with 24% of respondents indicating they do not expect revenue growth in 2025, The pessimistic sentiment on workforce growth marks a clear departure from the previous year’s surveys, where only 47% of respondents expected a reduction in workforce size in Q4/2024, and only 25% in Q3/2024. Fred Obura analyzes the report in this article>>>>>
Private sector activity : Slow but stable…
Kenya’s private sector expanded for a fourth consecutive month in January albeit at a slower rate compared to the preceding two months, the latest Stanbic Purchasing Manager Index (PMI) shows. The index dropped marginally to 50.5 in January from 50.6 in December, reflecting sustained private sector expansion throughout the last quarter of 2024 spilling over to 2025. Kenyan firms experienced sustained increases in output and new orders supported by new client referrals, increased marketing, improved cash flow and an easing of inflationary pressures. Despite these perceivable upticks, Zainab Hafsah explains why optimism this year remains shaky >>>>>
Source | STANBIC BANK
Today's Poll
How do you think the Kenyan private sector will perform this year? |
Yesterday's Poll Results
Do you believe Africa can effectively rate its own credit health and reduce its reliance on Western-based agencies?
🟨🟨🟨🟨🟨⬜️ Yes we can! (46.87%)
🟩🟩🟩🟩🟩🟩 Absolutely not! (53.13%)
GEOPOLITICS
Eyes on Haiti : The US withdrawal
The United Nations (UN) has stated that the Kenya-led mission to rid Haiti’s capital of criminal gangs is likely to suffer deeper financial shortages as a result of President Donald Trump’s suspension of foreign aid. The international body said that the suspension would block the provision of pending aid worth US$13.3 million (KSh 1.7 billion) to support Kenyan police officers in combating the gangs. The mission in Haiti has been underfunded and under equipped, affecting more than 600 Kenyan police officers tasked with retaking the capital from gangs. In this article, we explain why there is concern that Kenyan exchequer may have to bankroll the mission
CAPITAL MARKETS
Bond Turnover hits KSh 1.5 Trillion
Kenya’s secondary bond market’s turnover more than doubled to breach the KSh 1 trillion mark in 2024, as significant developments in monetary and fiscal policies improved investor demand. Bond activity at the Nairobi Securities Exchange (NSE) increased by 139.8% to KSh 1.544 trillion in 2024 from KSh 644 billion in 2023. The surge was driven by increased demand from both foreign and domestic investors attracted to the high-yielding infrastructure bonds. More details in this article…
📈 On the Trading Floor
How the markets performed today | SOURCE : NSE
BANKING
ANALYSIS
Video of the Day
Make every detail perfect, and limit the number of details to perfect.
Au Revoir!