Rising costs squeeze Kenyan businesses and consumers, says report

Kenyan companies face pressure from increasing fuel, transport and input costs despite renewed demand, according to The Standard.

Shell service station forecourt with canopy, fuel pumps, and parked vehicles under a cloudy sky
Illustrative image, not from this event. Bahnfrend / Wikimedia Commons (CC BY-SA 4.0) · Source

Kenyan businesses are experiencing renewed demand but face significant pressure from rising operational costs, according to The Standard.

The report states that fuel, transport and input costs are increasing, squeezing company profits.

Consumers are also affected, with their purchasing power being eroded by the rising costs, The Standard reports.

Source: The Standard · Business