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E astern
A frica :
K enya
K E N Y A
Eastern Africa: Kenya Overview Kenya has a GDP of USD $91.2 billion and a population of 53.8 million in 2020.296,297 It has approximately 1.56 million small- and medium-sized enterprises (SMEs) and 6.29 million jobs. 298,299,300,301 The International Monetary Fund’s (IMF) initial estimates (post-COVID-19), expect Kenya’s economy to grow at a rate of 6.1% in 2021, an adjustment of -0.2% from pre-COVID-19 estimates, after a slowdown to between 1% and 3% growth in 2020.302,303 This study has found that there could be approximately 85,600 social enterprises in Kenya in 2020, employing possibly 345,000 people directly.304 The population is expected to grow by 2.4% annually, leading to a working age population (15-64) of 41.8 million people in 2030. There are expected to be approximately 444,000 direct jobs in social enterprises in Kenya by 2030, and it is projected that approximately 98,800 will be added between 2020 and 2030. As discussed further below, government and private support, increased demand for housing, and adoption of mobile money are expected to drive these jobs. Additionally, social enterprises in the agricultural sector are also expected to provide significant additional income opportunities in the future, driven by technical and operational support offered by the government. Figure 28 shows the total number of direct jobs that could be in social enterprises in 2020 and 2030. 500 K
443,957 400 K
345,131
300 K
200 K
100 K
0
Number of jobs 2020
Number of jobs 2030
Figure 28: Estimated direct jobs in social enterprises in Kenya 2020-2030
