East Africa businesses profit up
21 October 2011, 11:33
Nairobi - According to the Regus Business Confidence Index, East African businesses have reported revenue (63 per cent) and profit (61 per cent) growth more than average, reports The Standard.
Regus Vice-President Joanne Bushell has said that the report finds that although the global outlook has suffered a clear reverse almost everywhere compared to six months ago, East Africa beats this trend. With growing profits and revenues there is plenty of ground for confidence.
Bushell said that in this positive climate of development, it is not surprising to find that businesses are actively investing in their most valuable asset, which is people power, as 30 per cent of East African businesses believe that the downturn is behind them.
This spells good news for the job market as 66 per cent of East African businesses are intending to hire more staff, with an emphasis on freelancers and graduates.
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