KEPSA: Tough times ahead
09 January 2012, 12:06
Nairobi - According to Capital News reports, Patrick Obath, Chairman of Kenya Private Sector Alliance (KEPSA) the looming Eurozone crisis, US elections, energy costs and union wrangles will affect business in the year ahead.
Obath said that 2012 being an election year in Kenya, we are going to see the political class trying and influencing what is going on in the country, obviously the external economies; inflows of financial assistance are going to be pegged onto the election. Obath went on to add that Kenya needs to tighten its belt seriously this year.
Obath also noted that with less dollar inflows due to the volatile western markets, boosting the manufacturing sector by producing consumption goods locally will help alleviate pressure on the Shilling moving forward.
- For more visit Capital News
Get the latest news by following us on Twitter