Anxiety over the forthcoming general elections, tight regulatios and access to capital are the top challenges threatening growth in the private sector, a survey of top chief executives suggested yesterday. The private sector also faces competition from cheap imports, increased taxation and delayed payment, the survey by the Kenya Private Sector Alliance and research firm Trends and Insights For Africa indicates. “The largest challenge facing businesses is the anxiety over the general elections. The August 8 general elections top with a 20 per cent index. The private sector has also faced a decline in credit growth which fell to 4.3 per cent in December 2016 compared to more than 17 per cent a year earlier.

Source: The Star April 25, 2017 22:07 UTC