Hundreds of youths are on the verge of losing their jobs after a private company based in Nyeri initiated plans to quit the Kenyan market following yesterday's deadly protests.
Established in 2023, the company has been offering business solutions to customers by outsourcing financial and accounting tasks, staff augmentation, and data services.
While confirming the information, Senior Economic Advisor Moses Kuria on Thursday, June 26, expressed his disappointment in the firm's plan to permanently relocate from the country.
According to Kuria, in 2023, the company chose to establish itself in Nyeri due to the longstanding peace and stability in the region. The move followed the approval of President William Ruto.
He disclosed that the firm, which came into existence while he was the Trade Cabinet Secretary, had since employed over 400 young Kenyans.
Kuria went ahead to reveal that some employees working for the firm earned up to Ksh400,000 per month in AI, Robotics, Software Development and Customer Services.
"They employ 400 young Kenyans, some earning up to Ksh400,000 per month. The company has transformed the outlook of Nyeri town," Kuria emphasised.
In his statement, the president's advisor expressed regret over the move, accusing a local politician of instigating violence in the region at the expense of people's jobs and businesses.
Moses Kuria's statement follows a pronouncement by the Kenya Association of Manufacturers (KAM), which on Thursday afternoon came out to condemn yesterday's protests, terming them regrettable.
According to the manufacturers, yesterday's demonstrations were far from peaceful and involved looting and vandalism, which caused considerable financial losses to several businesses.
In its statement on the impact of demonstrations, KAM called on the government to investigate all reported incidents of violence and ensure that perpetrators are held accountable.
"Manufacturers and business entities from various regions have reported significant damages, including looting, vandalism, injury to staff, business disruptions and destruction of property," read part of KAM's statement.
"This was perpetrated by individuals whose intent was not to protest but to cause harm. These acts have led to considerable financial losses to all businesses, from micro, small and medium enterprises (MSMEs) to large industries," the statement added.
