The new government has tried to woo businesses, but it will take more than tax cuts and easy loans to convince them to make long-term bets.
A Bhatbhateni supermarket at Koteshwor in Nepal, part of a superstore chain that was targeted by mobs during the September mass violence.
With governments coming and going and policies being constantly chopped and changed, Nepali businesses are long used to working in an environment of uncertainty. What they are not used to is operating in a climate of fear.
During the two days of the Gen Z protests on September 8 and 9 — a violent revolt that killed 76 people and toppled the K.P. Sharma Oli government — prominent business establishments were vandalized and set on fire. And that wasn’t the worst of it.
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