In a devastating blow to Kenya’s job market, over 400 youths are set to lose their jobs after a tech and business solutions firm announced plans to relocate from Nyeri following the violent protests that rocked the country on June 25.
The company, which was established in 2023, has been a game-changer for many young Kenyans by offering outsourced financial services, AI development, customer support, and robotics solutions. Some employees were reportedly earning as much as Ksh400,000 per month, transforming not just their lives but the entire Nyeri economy.
Confirming the planned exit, Senior Economic Advisor Moses Kuria expressed deep disappointment on Thursday, June 26. He lamented that the company, which chose Nyeri due to its then-stable environment, is now packing up due to political unrest and insecurity.
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“They employ 400 young Kenyans, some earning up to Ksh400,000 per month. The company has transformed the outlook of Nyeri town,” said Kuria.
He blamed a local politician for allegedly inciting the violence that led to property destruction and business disruptions, ultimately forcing the company to reconsider its operations in Kenya.
The announcement comes on the heels of a strong condemnation from the Kenya Association of Manufacturers (KAM), which described the protests as violent and economically damaging.
“These acts have led to considerable financial losses to all businesses, from MSMEs to large industries,” read part of KAM’s statement.
KAM further urged the government to investigate and prosecute all individuals involved in looting, vandalism, and incitement to violence, stressing that businesses cannot thrive in a climate of chaos.
This company’s exit isn’t just about one firm leaving, it’s a signal to international investors that Kenya may no longer be safe for business. With over 400 skilled youths facing unemployment and millions in economic losses, the consequences of political unrest are hitting hard.
