The government promised to create many jobs for the jobless youths. People waited for these jobs only for the government to start laying down some of its workers because of a high wage rate which the economy could not support.
The rate of unemployment in the country keep on rising. Insecurity and corruption have chased potential investors from investing in our country (like the case of Tatu city development).
The value of shilling keep on depreciating and bank rates going high. Small businesses are unable to get or repay bank loans forcing them to shut operations.
Start-up entrepreneurs are unable to raise capitals. The cost of operating businesses has gone up forcing companies to reduce the number of employers.
The government should act with speed. It should focus on creating an environment that promotes job creation by the private sector. It should enhance security and eliminate corruption in the country.
This will woo foreign investors who will feel free to invest here. More foreign investors will boost our international trading and the shilling gaining value.
With low bank rates, more start-up entrepreneurs will put up their businesses. It should also come up with good policies that encourage and protect small entrepreneurs. More jobs will be created.