1. 20.7% of CEOs in the Agriculture, Manufacturing, and Service sectors reduced the number of full-time employees in Q3 2024.
2. 18.3% of CEOs expect to cut down in Q4 2024.
3. For Q4, 43.5% of CEOs in the Manufacturing sector have even lower growth prospects. This is largely due to the high cost of doing business, liquidity constraints from high borrowing costs, and reduced consumer demand due to lower incomes.
4. In Q3, 22% of CEOs cited the cost of doing business as a key constraint against firms’ expansion, while 17% pointed to increased taxation.
Less than 30% of them forecast improved growth prospects for Kenya in 2025 due to
high cost of doing business, political disturbances, liquidity constraints arising from high cost of credit and subdued consumer demand resulting from lower disposable income
2. 18.3% of CEOs expect to cut down in Q4 2024.
3. For Q4, 43.5% of CEOs in the Manufacturing sector have even lower growth prospects. This is largely due to the high cost of doing business, liquidity constraints from high borrowing costs, and reduced consumer demand due to lower incomes.
4. In Q3, 22% of CEOs cited the cost of doing business as a key constraint against firms’ expansion, while 17% pointed to increased taxation.
Less than 30% of them forecast improved growth prospects for Kenya in 2025 due to
high cost of doing business, political disturbances, liquidity constraints arising from high cost of credit and subdued consumer demand resulting from lower disposable income
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