Much-loved and much-hated car dealer Khalif Kairo has finally opened up about recent rumours suggesting he might be facing significant business challenges.

Yesterday evening, the entrepreneur, who has built a large social media following, shared an update on his X page, alluding to some of the issues he was facing.

In his statement, Khalif Kairo addressed the ongoing challenges, stating, "These struggles you see me going through are quite normal in business, particularly when a company is in the growth phase."

He explained that such experiences are a necessary part of any growing venture, adding, "Every successful entrepreneur must face litigation or financial difficulties at some point, especially when God is elevating them to new levels."

Reassuring those concerned about his well-being, he said, "To everyone reaching out, I want you to know that I am completely okay and confident that I will overcome these hurdles."

Despite what appeared to be a sincere acknowledgment of the challenges surrounding him and his business, some critics continued to attack the 28-year-old.