- Private sector confidence at historic lows as tax burdens weigh on expansion.
- GDP growth slows to 4% in Q3 2024, the weakest since the Covid-19 era.
Nairobi, Kenya – Kenya’s private sector is bracing for a tough 2025, with rising tax burdens and slow economic growth stifling business expansion. Confidence among businesses is waning, as higher taxes tied to national debt repayment pressures drive up input costs, reduce consumer purchasing power, and dampen hiring prospects.
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