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    Kenya Loses KSh5 Billion Annually to Domestic Violence KPMG

    Eunniah
    By Eunniah Mbabazi
    - November 26, 2019
    - November 26, 2019
    Kenya Business news
    Kenya Loses KSh5 Billion Annually to Domestic Violence KPMG

    A report from KPMG has shown that domestic violence could be ridding the Kenyan economy of KSh5 billion. This, majorly, is as a result of absence at work by the affected individuals.

    According to the report, an estimated 505,000 working women from around the world have been reported absent from work as a result of domestic abuse in the past year. This, therefore, eats into their employers’ time and profits.

    Furthermore, the report indicates that 6% of the working women in the 107 countries within which the survey was conducted have witnessed physical or sexual abuse on their workforce in the past 12 months.

    Loosely, this translates to nearly 1.97million working women who have experienced domestic violence and abuse over the twelve months.

    Additionally, 38% of working women suffered from reduced productivity and 22% stopped going to work due to domestic violence. In turn, 4 million women failed to get promoted, which translates to an annual average salary loss of $2,900 per woman.

    However, the amount of incurred losses is likely to increase if the survey is to also include male victims.

    Apart from Kenya, other countries sampled include UK, Germany, South Africa, India, Ireland, Italy, Spain and Turkey.

    KPMG is a multinational professional services network. It is one of the Big Four accounting organizations, along with Deloitte, Ernst & Young (EY), and PricewaterhouseCoopers (PwC). Its headquarters are in Amstelveen, the Netherlands.

    See Also:

    KPMG East Africa appoints new CEO

    KPMG Barred from Auditing Listed Companies in Oman

    Uchumi says Losses declined by Sh600M, KPMG issues Qualified Opinion

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