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Businesses hit by low consumer demand ahead of general election

Companies have reported reduction in orders in the run-up to the general election according to the latest survey by the Central Bank of Kenya (CBK).

The Monetary Policy Committee CEOs Survey attributes this to the elections slated for August 9, as well as high inflation that have constrained consumers spending.

“All sectors reported lower demand/orders largely due to a slowdown in business activity on account of the upcoming elections in August 2022 and high inflation which is impacting…

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