Most local firms yet to shake-off Covid woes

KEPSA CEO Carole Karuga. PHOTO | LUCY WANJIRU | NMG

A majority of private firms in Kenya are yet to regain their footing despite the gradual reopening of key business sectors, a survey shows, pointing to a prolonged recovery for the economy battered by the Covid-19 pandemic.

A report by the Kenya Private Sector Alliance (Kepsa) said about 51 per cent of businesses had recorded a recovery of less than 50 per cent since September while 12 per cent were yet to resume operations due to a lack of cash.

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