Nairobi, March 4 -- Regional chief executive officers (CEOs) are less optimistic about the growth outlook for 2024, a new report shows.

The PwC East Africa CEO survey, which sampled views from 231 executives, says they are cautious about global economic growth, with 26 percent saying growth will improve in the next 12 months down from 33 per cent in 2023's survey.

"In East Africa, CEOs are cautious about global economic growth prospects. The cautious stance taken by East African CEOs is also reflected in the economic growth forecasts produced by global institutions," the survey reads in part.

Read: Why Kenyan CEOs doubt growth in 2024

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