Business highlights- September 11 2017 – One out of five young Kenyans is unemployed, says new report

Business highlights- September 11 2017 – One out of five young Kenyans is unemployed, says new report

One out of five young Kenyans is unemployed, says new report

One out of every five young Kenyans is unemployed, a new United Nations Human Development report has found. Youth unemployment in Kenya has risen to 22.2%, significantly higher than in neighbouring Tanzania, Uganda and Ethiopia. The data reveals that as at the end of last year, youth unemployment in Tanzania stood at 5.2 per cent and 4% in Uganda In Rwanda and Burundi, the unemployment rate was at 3.3% and 3.1% respectively. For Kenya, the figure is slightly higher than that recently disclosed by the US-based Population Reference Bureau (PRB), which put joblessness among those aged between 15 and 24 years at 20.3 per cent. The UN report indicates that Kenya’s rate of unemployment is now equal to those in neighbouring Ethiopia and Rwanda combined.

Nestlé Kenya relaunches MILO, unveils new Ksh10 pack

Nestlé Kenya has today announced the re-launch of MILO, the popular cocoa and malt beverage, with a new formulation dubbed  Activ-Go. The new MILO is now presented in an easier-to-dissolve powder form, a change from the previous recipe which was granular in nature. Nestlé East Africa Marketing Manager, Ms. Lilian Mackenzie, said the re-launch of the renowned energy food drink, is in line with Nestlé’s dedication to innovation; continuously improving the nutritional value of its products.  To meet the needs of all facets of consumers, a new Ksh10 pack has also been introduced for extensive distribution in kiosks ountrywide. MILO was developed in the 1930s during the depression when many children were not receiving enough nutrients from their daily diet. Thomas Mayne, a NESTLÉ Industrial Chemist, created the nutritious beverage using local milk knowledge and Swiss cocoa expertise.

Ford Motor Company partners with NTSA to improve road safety

The Ford Motor Company and the National Transport and Safety Authority (NTSA) have partnered to create awareness throught their programme dubbed Driving Skills for Life Training. The initiative is aimed at equipping individuals with key skills for driving beyond what is taught in standard driver education programs. Ford Motor Company has identified driver education as a highly relevant issue in Kenya due to the significant percentage of first-time car-buyers/drivers on the road, as well as accident rates that are among the highest in the world. The latest statistics from National Transport and Safety Authority show that the number of road accident victims in early September 2017 stand at 7,793 compared to 9,552 same time in 2016.

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