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Cash Crunch Pushes Kenya to Edge With Curb in Job Creation

  • State companies directed to remit previously retained earnings
  • Government’s delay in paying suppliers is slowing job creation
Kenyan Retail Economy Inside a Nakumatt Holdings Ltd. Store
Photographer: Riccardo Gangale/Bloomberg

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Kenya’s bid to bolster its Treasury and ease a cash crunch may instead hit East Africa’s largest economy with a slowdown in job creation.