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Bad News To Kenyans On Jobs After The Govt Decision

President Uhuru Kenyatta's government is struggling with a high rate of unemployment and poverty in the country.

Most people in the country are living below the poverty level and under poor conditions.

A large number of Kenyans were greatly affected by the Corona virus pandemic that began in late last year.

The government restrictions that were put in place to curb the spread of the deadly virus such as the national lockdown and Curfew affected many businesses and households.

According to a report by Daily Nation, Kenya is staring at massive losses in revenue following the ratification of the Economic Partnership Agreement with the United Kingdom.

The National Assembly ratified the EPA on Tuesday, opening the local market to about 1.934 prod ucts from the UK, whose import tariff will either be lowered or zero -rated.

The pact, which expires in 25 years, has been adopted at a time the country is facing challenges.

Although the EPA allows for gradual and partial reduction of tariffs, from 95 per cent of the basic duty followed by total elimination, fears abound that a majority of imports are likely to be subjected to zero duty at the point of entry

Econews Africa, a think-tank that advises governments on economic matters, says the expect-EPZ firm Hela Intimates staff at work in Athi River on December 17 last year.

This is notwithstanding that the MPs have already approved the 2021 Budget Policy State ment (BPS) that provides mechanisms for government expenditures and revenue for the 2021/22 financial year.

Content created and supplied by: MaangiJob_Ke (via Opera News )

Corona Daily Nation EPA Kenya Kenyans

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