Study📑 Reveals Kenyan Firms 'Working at Half Capacity'😯

  |   Kenya News

Kenya's economy is being held back from better growth because the country's manufacturers are operating below capacity, according to data compiled by two business organisations.

The economy is also restricted because companies are struggling to secure funds for expansion from banks, which are issuing fewer loans since the government capped commercial lending rates in 2016.

A survey by the Kenya Association of Manufacturers has found that about five in 10 companies are operating at half capacity, as they struggle to cope with the impact of drought and corruption, as well as a lack of money to develop their business.

Firms are also facing challenges like higher costs of electricity and the illicit import of commodities like sugar.

To read full article -

📲 Get Kenya News on Whatsapp 💬