Nairobi, July 16 -- Salaried employees in Kenya who become jobless will get a fraction of their pay for six months from a State-backed fund aimed at cushioning workers laid off or are unable to work due to illness.
The Ministry of Labour says workers will be required to contribute to the yet to be formed Unemployment Insurance Fund (UIF).
Fund
Employees will contribute one percent of their pay that will be matched by employers towards the fund that aims at generating at least Ksh45 billion (about $415 million) annually on implementation.
While offering relief to sacked workers, it looks set to add to the cost of doing business in an economic setting where employers pay mandatory fees monthly to staff health and pension schemes.
The mon...