Firms revive expansion plans in fresh optimism

An aerial view of Nairobi, Kenya's capital city. FILE PHOTO | JEFF ANGOTE | NMG

More Kenyan companies are confident of reviving expansion plans after the third wave of coronavirus infections eased amid gradual uptake of vaccinations, raising hopes of progressive recovery in jobs.

Findings of a closely-watched private sector survey conducted in May show that corporate managers are upbeat about growth in the next one year, citing rising demand for goods and services as more economies reopened globally.

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