Indicators
Kenya Businesses Buckling Under Shifting Policy, Tax, Lobby Says
- Majority of manufacturers are not operating at full capacity
- About 60% of industries have put their expansion plans on hold
This article is for subscribers only.
Most Kenyan manufacturers are operating at less than half of their capacity, weighed down by taxes and government policies that have reduced competitiveness and purchasing power.
About 60% of manufacturing companies have frozen expansion plans to gauge how the government’s next budgeting cycle will impact operations, according to Tobias Alando, acting chief executive officer at the Kenya Association of Manufacturers.