ECONOMY

Kenyans earn average of Sh78,600

Share
A Kenyan clutching on two one thousand notes and two two hundred notes
Share

Salaried Kenyans including those on contract and those on permanent terms rake in an average of Ksh 78,600 before statutory deductions, a report by The Kenya Institute for Public Policy and Research (KIPPRA) shows.

The report dubbed Employment Distribution of Graduates Across Economic Sectors in Kenya shows that Kenyans employed on contract earn an average of Ksh73,745 while those on permanent terms take home an average of Ksh86,124.

KIPPRA’s report also which also credits the private sector as being the biggest employer of Kenya’s youth ahead of the public sector, Non-Governmental Organisations (NGOs) and self-employment recommends concerted efforts by the government to create an enabling environment for the private sector to continue expanding due to its high absorption rate.

“Majority of those employed in the private sector were Bachelors degree graduates compared to those employed in the public sector who were mainly Masters degree graduates. Most PhD holders were mainly working in NGOs,” reads the report.

The report also reveals gender disaggregation in that female applicants take less time (15 months) to find work compared to their male counterparts (20 months).

According to the report, Kenyans spend an average of 8 hours at work which coincides with official working time in public service in Kenya.

READ: NUMBER OF EMPLOYED DEGREE HOLDERS DROPS BY% IN SIX YEARS

“On average, those on contract spent 7.9 hours per day while those on permanent employment spent 8.8 hours,” reads the report.

What’s more, the KIPPRA report notes the private sector is the biggest employer of Kenyan female workforce (45%) compared to the public sector (35%), NGO’s (13%) and self-employment (8%).

SEE ALSO: KENYA RETAINS TWO BANKS TO SOURCE FOR SH100B SYNDICATED LOAN

Most male graduates also ply their trade in the private sector (47%) compared to public sector (42%), NGOs (9%) and self-employment (2%).

Follow Us

Related Articles
Co-op Bank Interest rates
BUSINESSECONOMY

Co-op Bank Group Announces Reduction in Lending Rates

Co-op Bank Group has announced a significant 2% reduction in its Base...

Kenya Pipeline Listing
ECONOMYSTOCKS

Gov’t to Sell Stake in Kenya Pipeline Company Through IPO

The government is considering listing Kenya Pipeline Company (KPC) at the Nairobi...

KRA Commissioner for Customs and Border Control Dr Lilian Nyawanda
ECONOMY

KRA Customs Tax Collection Reaches Historic Figure

Reforms at the Kenya Revenue Authority’s (KRA) Customs and Border Control are...

CS Alice Wahome - new markets in Nairobi
ECONOMY

New Ksh750 Million Markets to Transform Trading in Nairobi

Hundreds of residents within Kasarani and Starehe constituencies are set to benefit...