In 2024, several companies announced their exit from the Kenyan market, primarily due to challenging economic conditions, high operational costs, and unfavourable business environments. Some of the notable examples of companies that have left or planned to leave Kenya include Procter & Gamble (P&G). The American multinational consumer goods corporation revealed plans to lay off approximately 850 employees as it prepares to cease operations in Nairobi by December 2024.
This decision was driven by the high cost of doing business in Kenya.
The second company is Base Titanium, an Australian mining company.
It announced that it would exit the Kenyan market due to dwindling titanium resources. Kenyans Queue for jobs in Kisii town Photo PSC Base Titanium indicated that it could not sustain its operations beyond December 2024, putting around 1,200 jobs at risk as a result of this closure.
