- 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.
This article is free to read.
Sign up for free or sign in to continue reading.
Unlike our competitors, we don't force you to pay to read the news but we do need your email address to make your experience better.
Create your free account or sign in
