Firms freeze expansion plans on Covid-19 resurgence

Jobseekers in Nairobi. FILE PHOTO | NMG

More Kenyan companies have put on hold expansion plans, citing the second-wave of coronavirus infections which hasprompted fresh rounds of shutdowns in key markets.

The number of corporates planning to raise output in the next one year fell to 20 in every 100 as at the end of last month, down from 30 in October, according to findings of a closely-watched survey that gauges activity in the private sector.

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Note: The results are not exact but very close to the actual.