A majority of company chief executives in Kenya believe the high cost of doing business and taxation posed the biggest threat to their operations over the next 12 months, dwarfing the financial fallout of the Covid-19 pandemic, a new survey by the Central Bank of Kenya (CBK) shows.
The survey found that although most business leaders projected a substantial economic rebound in the second quarter of the current fiscal year on improving orders and sales, a challenging business environment posed the biggest threat to progression.
