BusinessChallenges

Kenyan Businesses Struggle Amidst Shifting Policies and Tax Hikes

19 days ago

Recent reports reveal that numerous businesses in Kenya are facing severe challenges due to rapidly changing government policies and escalating tax obligations. The Kenya Association of Manufacturers (KAM) has voiced significant concerns, labeling the current business environment as increasingly hostile.

Major Job Cuts Loom as British Firms Brace for Labour Budget Tax Hikes

28 days ago

In a stark warning for the UK economy, new research from the Confederation of British Industry (CBI) indicates that nearly 50% of businesses in Britain are contemplating significant job reductions in response to proposed tax increases suggested in the recent Labour budget. This forecast comes as many sectors face mounting pressures and uncertainty, raising concerns about the overall stability of the job market.

BT Group Revisions Revenue Forecast Following Weakness in Business Sector

2 months ago

BT Group PLC has recently adjusted its revenue forecast for 2025, citing a significantly lower-than-expected performance from its business division. The telecommunications giant's announcement sent ripples through financial markets as investors absorbed the implications of this downgrade, reflecting broader challenges within the sector.