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2015 has been a good year, especially if you are among the 90 workers of Centum Investment Limited. No! It has been a bad year with consumers being hit with a new excise duty. But exactly which colour was 2015 business landscape?
1. Low oil prices
Oil prices across the globe have been low. This has been welcome news for many Kenyans especially that this is a basic commodity. A barrel of oil sunk to as low as $40 (Sh4,093) as compared to November 2014 when the price stood at $76.99 (Sh7,878).
This is a 44 per cent drop meaning that households and industries' budget on diesel, super petrol and kerosene went down. With Organization of Petroleum Exporting Countries' meeting early this month ending in acrimony after members failed to agree on output targets, 2016 prices may be no different.
But many Kenyans feel the drop has not matched the decline in oil.
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