Wed, 22 Sep 2021

NAIROBI, Aug. 3 (Xinhua) -- Kenyan business leaders are optimistic that the country's growth prospects will brighten in the second half of the year following increased COVID-19 vaccinations and government investment in infrastructure, the Central Bank of Kenya (CBK) said in a new survey released Tuesday.

"This optimism is due to increasing rates of vaccination across the globe expected to curb the spread of COVID-19 and facilitate a return to normalcy, and government investment in infrastructure especially for firms in the real estate sector," said the survey, in which 54 chief executives from firms in manufacturing, agriculture, financial, services, real estate, media, transport and storage sectors participated.

The CBK survey found that more than 60 percent of the leaders further expect the global economy to surge due to ramped-up vaccination.

Respondents in the services and manufacturing sectors were the most optimistic, with the majority saying increasing economic activity and government investment in infrastructure portend increased opportunities. And firms in the agricultural sector expect their production volumes to be boosted by short rains in the fourth quarter.

The business leaders would like to see greater measures to ensure that COVID-19 vaccines are available to a larger proportion of the population as this will support resumption of normal business, thus enabling the economy to pick up.

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