admin
Compared to the last two quarters of 2024, the private sector business operators in Kenya are less optimistic in 2025.
A recent survey by the Kenya National Chambers of Commerce and Industry (KNCCI) revealed that with an increasing pessimism over revenue, workforce size, and key input costs, Kenyans seem less upbeat about its private sector.
This emphasizes how urgently revitalisation initiatives are needed to improve Kenya’s business climate.
In the survey tagged “The 2025 Business Barometer Survey,”24 percent of businesses do not foresee revenue growth.
They also expect stagnation and minor cuts due to high living costs and unfriendly regulations. This finding is based on a survey that garnered 1981 responses from businesses across Kenya in all sectors.
“Looking ahead, high taxation, unfavourable government policies, and limited access to capital are identified as the biggest obstacles to the growth of Kenya’s private sector in 2025.
Businesses remain concerned about these factors and their potential to hinder economic progress and the overall competitiveness of the business environment,” Erick K. Rutto, KNCCI President said, as reported by Kenyan WallStreet.
The survey asked about organisations’ revenue, labour size, key input costs, climate change, and problems for 2025, which resulted in some very interesting findings.
To begin with, compared to the last two quarters of 2024, the majority of firms surveyed (55 percent) are gloomy about a decrease in their core input costs in 2025.
Additionally, companies in the East African nation are primarily expecting minor decreases in primary input costs, driven by seasonal considerations and better macroeconomic conditions, rather than a rise (37 percent) in these expenses. — Business Insider Africa
Online Reporter