The captains of industry have expressed optimism about the recovery of the economy in the next two months, a yet-to-be-released market perception survey by the Central Bank of Kenya (CBK) shows. CBK Governor Patrick Njorogetold journalists in a press briefing in Nairobi yesterday that optimism among banks and non-banking institutions had surged, with close to half of the respondents saying they were optimistic about the economy recovering. SEE ALSO: Njoroge: CBK has 'plenty of firepower'Response from the chief executives of some 377 private sector firms which was gloomy in the May/June period, with only 30 per cent saying they were very optimistic or just optimistic. The surge in optimism has also coincided with an uptick in some leading economic indicators, particularly exports of critical agricultural products. In August, average hotel occupancy is projected at seven per cent before rising to 17 per cent in September.

Source: Standard Digital July 30, 2020 17:25 UTC