Skills and labour mismatch slowing growth-report

A glaring mismatch of skills and labour demands has led to slow economic growth, a new report, The Kenya Economic Report has said.

According to the report, most countries in the East African Community continue to record notable deficiency in the combination of skills needed in the market, leading to sourcing of such expertise from other countries.

The report says professional accounting associations have reported that a high number of trained accountants are jobless despite there being high demand for qualified accounting professionals, attributing it to a more specialised job market that demands extra professional qualifications in additional to conventional accounting degree for one to practise.

“The EAC has a youthful population with potential to contribute productively to economic growth.

Most of this labour force is however unemployed or engaged in the informal and agricultural sector which offers low quality jobs that tend to perpetuate high levels of poverty,” a forum in Nairobi was told yesterday.

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