Over 1,000 CEOs Issue Major Demands to Ruto on Taxes and Loans

The CEOs, drawn mainly from private, foreign-owned, publicly listed, and government-owned firms, urged the government to address the concerns as Kenya heads towards the next General Election...

✨ Key Highlights

Kenyan CEOs are urging the government to reduce business costs through lower taxes and levies, improve access to affordable credit, and expedite payment of pending bills to foster business growth.

CEOs highlighted the high cost of operations, including levies, licensing, compliance, fuel, and energy, as a major obstacle to business expansion.
The demands were detailed in the latest Chief Executive Officers’ Survey published by the Central Bank of Kenya.
Despite challenges, 71 percent of firms have adopted technology and digitization to improve efficiency, and businesses remain optimistic about Kenya’s growth prospects.

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