Elevated energy prices, global tariffs dull CEOs’ Kenya outlook

Chief executive officers (CEOs) of corporations in Kenya worry about possible increases in input costs within the current quarter ending next month, fueled by the recent jump in energy prices and the impact of higher global tariffs, which they say have raised the prices of key raw materials.

In a new survey conducted by the Central Bank of Kenya (CBK), 64 percent of the sampled CEOs anticipate a negative impact of the recent US trade tariff increases and policy changes through higher import costs for inputs and finished goods.