US trade shifts: Which sectors are hit hardest

Kenya’s tourism sector is expected to be the hardest hit by shifts in United States trade policy, according to a November survey by the Central Bank of Kenya.

Twenty-four point three per cent of respondents identified tourism, hotels and restaurants as the most affected sector.

Manufacturing followed at 16.2 per cent, while financial services accounted for 13.5 per cent. Professional services stood at 10.8 per cent, with agriculture at 8.1 per cent.

Smaller impacts were reported in ICT and telecommunications, real estate, and transport and storage, each at 5.4 per cent.

The findings reflect business leaders’ concerns over global trade uncertainties and their spillover effects on Kenya’s economy.