Browsing: Economic activities

Norfund investments in Kenya
  • A survey by Stanbic Bank of Kenya revealed that Kenyan firms continued to report a drop in output levels at the end of the second quarter of 2022
  • The rate of decline sped up for the third straight month and was sharp, shown by a further decrease in the seasonally adjusted Output Index to its lowest since April 2021
  • The sector’s headline Purchasing Managers’ Index (PMI) fell to 46.8 from 48.2 in May, indicating a continued decline in business conditions and activities in the Kenyan economy

Kenyan firms continued to report a drop in output levels at the end of the second quarter of 2022.

A new survey by Stanbic Bank Kenya indicates that the rate of decline sped up for the third straight month and was sharp, shown by a further decrease in the seasonally adjusted Output Index to its lowest since April 2021.

Surveyed businesses said they were …

2021 02 24 covax ghana

Economic activities in Ghana are expected to strengthen faster after the rollout of Covid-19 vaccines, experts have said.

Boost confidence

Speaking in an exclusive interview with one of the leading local dailies, economic analysts noted that vaccinating people would boost the confidence of businesses and consumers.

This, according to them, will enable people to carry out their activities as they explore new business avenues for a faster recovery of the economy.

Professor Peter Quartey and Dr Said Boakye while giving their insights argued that Covid-19 vaccines rollout would also boost the confidence of business partners abroad to open up or increase trade to the country.

The government, the experts say, should set economic growth for this year to between 4.5 and five per cent on the back of the positive impact of the vaccine rollout on gross domestic product (GDP) growth.

They were giving their insights on the impact of …