Browsing: KNCCI

Kenyan Businesses Optimistic

Kenyan businesses emerge optimistic in survey despite hurdles

Industry and Trade
  • Kenyan businesses in the hospitality and tourism sector are the most confident they will post growth in Q2
  • Businesses in the energy sector are also optimistic of better Q2 despite challenges in the first quarter.
  • The education sector reflects a balanced sentiment, with 33 per cent expressing extreme, moderate, and slight confidence in revenue growth.

Kenyan businesses in the hospitality and tourism sector are the most confident that they will grow their revenues in the second quarter of 2024 according to a new survey by Kenya National Chamber of Commerce and Industry (KNCCI).

Compared to other sectors, the hospitality and tourism sector exhibits a stronger sense of optimism, with 41 per cent extremely confident, 29 per cent moderately confident, 18 per cent slightly confident, and 12 per cent not confident of increasing their revenues.

In the agriculture sector, results indicate a mixed outlook, with 17 per cent of Kenyan businesses …