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全民就业开启肯尼亚包容性增长:肯尼亚就业诊断(英)2024
Shi Jie Yin Hang·2024-06-12 08:00

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report emphasizes the importance of creating a conducive environment for job creation and inclusive growth in Kenya, particularly for the young labor force and disadvantaged groups such as women [21] Summary by Sections 1. Growth and Jobs Context - Kenya's economy has shown resilience with an average GDP growth rate of 5% from 2010 to 2019, rebounding from a contraction of 0.3% in 2020 due to COVID-19, with real output rising by 7.6% in 2021 and 4.8% in 2022 [22][23] - The share of the population below the national poverty line decreased from 46.7% in 2005 to 33.6% in 2019, but poverty increased to 42.9% in 2020 due to the pandemic [24] - Kenya is experiencing a demographic transition with a significant youth population entering the labor market, which can drive innovation and growth if matched with good job opportunities [26][28] 2. Labor Supply - The majority of the population works in agriculture and services, with agriculture having the lowest quality of employment [18] - Gender disparities persist, with women earning less than men and facing challenges in labor force participation [18] 3. Labor Demand - Micro, small, and medium enterprises (MSMEs) are crucial for employment creation, with a dynamic entrepreneurship ecosystem in Kenya [19] - The emergence of formal micro and small firms in high-skilled sectors like ICT and finance can provide a path to inclusive growth [19] 4. Labor Market Constraints - The report reviews various job-related programs implemented by the government to address labor market constraints, focusing on improving skills and promoting job creation [20] - Long-term policies should invest in human capital and reduce barriers to international trade, while short-term interventions should enhance job-relevant skills [20] 5. Recommendations - The report suggests a combination of long-term and short-term policies to address job market challenges, emphasizing the need for targeted support for vulnerable groups [20]