Khusoko – East African Markets
    Facebook Twitter Instagram
    Khusoko – East African MarketsKhusoko – East African Markets
    • NEWS
    • ECONOMY
      • BANKING & FINANCE
      • COMPANY
      • MARKETS
    • INDUSTRY
      • AGRICULTURE & ENVIRONMENT
      • HEALTH & WELLNESS
      • PROPERTY
        • RETAIL
      • TECHNOLOGY
        • ELECTRONICS
    • ENTREPRENEURSHIP
      • ENTREPRENEURS
      • PEOPLE
      • PERSONAL FINANCE
    • SPORTS
    • COMMENTARY
    • ARTS & CULTURE
      • BOOKS
      • ENTERTAINMENT
      • FAMILY & RELATIONSHIPS
      • FASHION & STYLE
      • FOOD & DRINK
      • TRAVEL & LEISURE
    Khusoko – East African Markets
    MARKETS

    Kenya Increases Minimum Wage by 12% Amid soaring Inflation

    David IndejeBy David Indeje2022-05-01Updated:2022-05-02No Comments2 Mins Read
    Kenyan citizens walking along the streets of Nairobi. With the the increase in Kerosene will weigh down on the low income households in Kenya, who form the majority of the Kenyan population

    Kenya’s minimum wage will be 12 percent higher in 2022, President Uhuru Kenyatta said, from the current Ksh 13,500.

    The minimum wage was last reviewed in 2018. 

    “I today declare an increase of the minimum wage by 12 percentage points with effect from today,” he said while addressing Kenyans during Sunday’s 57th Labour Day Celebrations at Nyayo Stadium in Nairobi.

    “In that regard, and in full appreciation of the critical contribution of workers to the economy; following the recommendation of various stakeholders; as a caring Government, we find that there is a compelling case to review the minimum wages so as to cushion our workers against further erosion of their purchasing power while also guaranteeing the competitiveness of our economy,” the President said.

    1/2 “Our workers are the backbone of our economy and our way of life. Throughout the Covid-19 disruptions that began in the year 2020, our workers have kept the Kenyan flame burning bright. For that, we will remain forever grateful and indebted to them,” ~President Uhuru Kenyatta pic.twitter.com/tSa0LWTTCf

    — State House Kenya (@StateHouseKenya) May 1, 2022

    This means employees will enjoy a higher minimum wage. For instance, the minimum average wage in Nairobi, Mombasa, and Kisumu will rise to KSh15,201.64 from KSh13,572.90.

    The 2022 Labour Day celebrations convened by the Central Organisation for Trade Unions (COTU) Secretary General Francis Atwoli were marked under the theme “Job Creation, Peace, and Sustainability.”

    The official annual inflation rate in Kenya rose to 6.47 percent in April, according to the National Bureau of Statistics. Month-on-month, headline inflation rose by 1.69 percent, double the March reading of 0.85 percent. This marks the sharpest monthly increase in consumer prices in two years according to NCBA Research Analysts.

    Subsequently, food inflation rose to a four-and-a-half-year high of 12.27 percent, on the back of heightened supply constraints underpinned by global supply disruptions, prolonged harsh weather locally as well as rising production and transport costs.

    The weakening Kenyan shilling has left citizens struggling with higher consumer prices through the import of essential goods.


    Khusoko is now on Telegram. Click here to join our channel and stay updated with the latest East African business news and updates.

    inflation Labour Day Celebrations Minimum Wage
    David Indeje
    David Indeje
    • Website
    • Facebook
    • Twitter
    • Instagram
    • LinkedIn

    In my role as Community Engagement Editor For Khusoko, I care about our audience. engaging them, getting news delivered to them across a variety of platforms, and expanding the diversity of voices on our website.

    Related Posts

    Somalia Application to Join East Africa Community Bloc Accepted

    2023-06-04

    Why Is the Price of Sugar Being Watched in Kenya?

    2023-06-01

    Kenya Inflation Rate: CPI Rises To 8% in May 2023

    2023-06-01

    Leave A Reply Cancel Reply

    Our Language is Flirty
    https://www.facebook.com/flirtynailsparlour/
    MORE TOP STORIES
    • How to Encourage Youth Participation in Agriculture for Climate Action
    • Why Researchers Root for International Collaboration For Africa’s Development
    • Discover: Trace Awards & Festival to Light Up Kigali in October
    • WED 2023: Kenya’s Step Towards Eliminating Plastic Pollution
    • Somalia Application to Join East Africa Community Bloc Accepted
    • Facebook
    • Twitter
    • LinkedIn
    Facebook Twitter LinkedIn
    • ABOUT US – KHUSOKO
    • PRIVACY POLICY
    • KHUSOKO STANDARDS GUIDE
    © 2023 Khusoko. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.