INSUBCONTINENT EXCLUSIVE:
German firm Bayer is cutting back in Kenya, handing off major tasks
are driving companies out.The Kenya Association of Manufacturers predicts more exits, pointing to growing financial pressures.Loan defaults
Calls grow for tax policy reforms to boost business competitiveness.The government plans to lift the manufacturing sector, targeting a GDP
boost by 2027 with new industrial parks.Multinationals Exit Kenya
(Photo Internet reproduction)This trend mirrors challenges across Sub-Saharan Africa
Economic woes and policy barriers repel foreign investment.These retreats prompt calls for policy reevaluation to energize local markets
Asian successes offer a contrast, where stable policies and incentives draw foreign firms.This shows the value of a welcoming business
environment.Africa must adapt to remain attractive to global investors
depends on policy reform and collaboration to tackle barriers to business and economic growth.
