Pressures brought about by an unbearably high cost of living have forced thousands of employees to resort to alternative methods of making a livelihood, including moonlighting.
While people have traditionally resigned from their jobs to join other companies, a significant number of them do so to start their own businesses.
But losing one’s hard-earned money in an unsuccessful venture is always a worry for most people.
According to Dr Kinyanjui Ng’ang’a, an entrepreneur and corporate trainer, these dilemmas haven’t changed the ground realities.
“The resilience of the Kenyan economy despite the political turbulence last year has been due to the vibrant growth of local small and medium scale enterprises,” says Dr Kinyanjui.
According to the Kenya National Bureau of Statistics, the unemployment rate now stands at 40 per cent. Furthermore, a British government funded study on unemployment and higher education indicates that a university graduate takes five years to get a job in Kenya.
Dr Kinjanjui will conduct a free business conference on Tuesday, March 20, at KICC from 6 pm to 8 pm. The theme is “Starting Business without Money”.