Speaking during the release of the report at a Nairobi hotel Ronald Meru chairman trade and economic diplomacy at the chamber said the report was informed by a twelve day online survey and according to it majority of respondents are optimistic at 76 percent about expanding their businesses in q2. Energy sector is most concerned about climate change affecting it's business while transport sector will be affected by supply chain instability in the second quarter.
More than 50 percent of micro business have a revenue of less than 1 million and employees have less than ten staff size meaning economy is still at the micro stages.Banks should reduce the appetite for government papers and instead use the infrastructure bonds and lend that to businesses,the chamber has called on the government to reduce issuances of this corporate paper to avoid crowding out of businesses.
There is need to harmonize on regulation to enhance on export market not to over regulate the business environment to enable it remain competitive.
