« on: October 12, 2023, 05:51:48 PM »
Ufool delivered and Hasla has destroyed the economy in one year and other myths.
More than 30 manufacturing companies have shut down production plants in Kenya in under a decade, revealing the impact of an uncompetitive tax and business environment and cheaper imports on the local industry.
A dozen other firms significantly downsized operations to stay afloat, according to an analysis of the sector data between 2014 and 2022 which largely focuses on large factories with established distribution channels.
https://www.businessdailyafrica.com/bd/corporate/companies/34-plant-shutdowns-reveal-kenya-manufacturing-woes--4397890
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine
Topic: 2014-2022 destruction of manufacturing sector (Read 1521 times)