×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Businesses remain wary despite increased consumer spending

Traders at Soko Mjinga Market in Nyeri. [Kibata Kihu, Standard]

Confidence in the Kenyan economy among companies remained weak in December, with a majority of business leaders shelving plans to expand operations in the New Year.

This is despite a growth in purchasing power among customers, which saw firms register increasing business as orders from customers rose in December.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
By Sofia Ali 2 hrs ago
Enterprise
Kenyan firm expands services to Gulf region
Business
Joho faces big test in executing State's mining agenda in Coast
Business
Economists foresee slow growth ahead for Sub-Saharan Africa
Business
Old buildings give way to used-car showrooms