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Coronavirus: Kepsa Reveals Damaging Impact on Businesses

by Robert Mwangi
2 mins read

The Kenya Private Sector Alliance (Kepsa) has decried the negative impact on businesses from the coronavirus epidemic.

According to a survey conducted last week, 61 per cent of businesses in the country have been adversely affected.

Kepsa CEO Caroline Kariuki said 84 per cent of the surveyed businesses had experienced low or moderate impact of Covid-19.

However, she allayed fears the virus would be a major threat to business operations.

“So far there is no major panic among the business community in Kenya in terms of Covid-19,” Kariuki said in Nairobi.

Kepsa challenged local producers to offer needed services during this period instead of allowing businesspersons to import products they can be made available locally.

Kariuki said the current situation should encourage the boosting of the government’s policy of of “Buy Kenya, Build Kenya.”

The tourism industry, coffee and tea export markets are among the affected businesses.

More than 90 firms were involved in the survey.

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