A majority of company chief executives in Kenya believe rising inflation will negatively affect the performance of their firms in the current quarter as higher prices of goods cuts demand, a new survey by the Central Bank of Kenya(CBK) has shown.
The survey found that most business executives in 11 sectors of the economy projected mixed demand and orders in the third quarter, pointing to the negative effects of higher prices that saw inflation rise to a 17-month high of 6.4 percent in July.
