A recent report by research firm TIFA has unveiled that over 65 percent of Kenyans believe there has been a significant decrease in the availability of job opportunities in 2023. The year-end survey indicates that 17 percent of respondents think the situation remains unchanged compared to 2022, while 16 percent believe there has been a positive shift in employment prospects. Notably, 2 percent of those surveyed express uncertainty on the matter.
The report highlights that the most pronounced negative sentiments were observed in urban areas, particularly in Nyanza and Nairobi, with 70 percent and 62 percent of respondents, respectively, sharing concerns about dwindling job opportunities. In Nyanza, 80 percent of those surveyed voiced dissatisfaction, while in Nairobi, 75 percent expressed discontent.
Regarding loan accessibility, 53 percent of Kenyans feel that obtaining a loan in 2023 was more challenging than in 2022. Contrarily, 24 percent believe securing loans in 2023 was easier, while 11 percent reported no difference. Additionally, 12 percent of respondents remain uncertain about whether obtaining loans this year was more feasible than in 2022.
TIFA, commenting on the findings, suggests that these sentiments may reflect various economic challenges, including stringent lending practices, elevated risk perceptions by financial institutions, and broader uncertainties affecting borrowers.
