Factories warn of layoffs, closures on climbing costs
Employees at Osho Chemical Industries in Nairobi in the past.
Photo credit: File | Nation Media Group
Manufacturers have warned of a freeze in new employment, shut down of low-margin production lines and a switch to importation if last year’s elevated operating costs climb further in 2024.
Investors in the largely struggling sector said they endured a torrid operating environment in 2023, with overall business costs bumping by about a third compared with the year before.
