The CBK noted that company executives fear that a further escalation of the conflicts risks affecting the shipping of commodities and raw materials, and rising fuel and gas prices.
At least 57 percent of the CEOs indicated they were extremely/very concerned about energy prices, as the second biggest external factor that could hinder their growth.
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. These tensions have so far affected Gaza, Lebanon, Iran, Israel, Ukraine, and Russia.
