High cost of doing business a national crisis

Businesses, particularly small and medium-sized enterprises, are being crushed by high energy costs, unpredictable taxation, inflation and bureaucratic red tape. How can businesses survive when electricity and fuel prices remain high or when tax policies change without warning?

As companies shut down, the ripple effects are devastating. Job losses mean families go hungry and children miss out on education. Consumer spending declines, affecting even more businesses and creating a cycle of economic instability.

We, as a society, cannot watch idly as poverty and inequality escalate right before our eyes. The government must take bold steps to relieve this burden and foster an environment where businesses can thrive.

Simplifying tax regulations and reducing unnecessary levies would provide much-needed relief. Investing in infrastructure, from reliable roads to affordable utilities, would lower operational costs for businesses. Supporting SMEs through accessible credit and innovation grants would give them the fighting chance they deserve.

However, these are not problems the government can solve alone. Business leaders, economists, labour unions and every concerned citizen must work to find sustainable solutions. Public-private partnerships and constructive dialogue are vital to addressing these challenges.

Let us not forget the stakes here. The collapse of businesses and the loss of jobs will not only stagnate our economy, but also erode trust in our institutions. It is time to demand accountability and to push for reforms that secure the future of businesses, jobs and, ultimately, our country’s prosperity.

The cost of doing business is a national issue. Together, we can tackle it.

Kennedy Juma, Nairobi