Raging wars in the Middle East and European regions are among the biggest external risks for businesses in Kenya, a new survey shows, amid concerns that the conflicts could trigger supply disruptions and raise prices. The Central Bank of Kenya (CBK) study has revealed that company executives consider geopolitical tensions the biggest external threat to business operations. “The major external (non-domestic) threats to business expansion growth include geopolitical tensions given their impact on global supply chains, energy prices, and macroeconomic volatility,” says the CBK in its September CEOs survey. At least 61 percent of the CEOs indicated that they were either extremely concerned or very concerned by the geopolitical tensions. However, increasing geopolitical tensions continue to pose a threat,” the survey notes.

Source: Daily Nation October 15, 2024 04:04 UTC