Browsing: Kenya’s private sector

• Kenya’s private sector enjoyed a much more stable business environment in April amid continued job creation in the market, with the country enjoying the lowest inflation in two years.
• Employment growth continues as the country’s economy remains on a growth trajectory.
• The headline PMI registered fractionally above the 50.0 neutral mark at 50.1 in April, up from 49.7 in March.

Kenya’s private sector enjoyed a much more stable business environment in April amid continued job creation in the market, with the country enjoying the lowest inflation in two years.

The latest Purchasing Managers’ Index by Stanbic Bank depicted broadly steady operating conditions across the sector during the month, as order book volumes and output levels have changed little since March.

The 12-month outlook continued to rebound sharply from February’s record low, and employment growth was maintained, as the country’s economy remained on a growth trajectory.

World Bank has projected Kenya’s …

Diop said he was holding roundtable discussions with stakeholders in the pharmaceuticals and housing sectors to deliberate on how to collaborate in the areas of affordable healthcare and housing for the Kenyan people.

President Kenyatta and Diop also discussed a plan that Kenya is keen on implementing to manufacture vaccines.

Kenyatta noted that the Big 4 Agenda had opened opportunities for increased collaboration through the country’s Public-Private Partnership programme.…

Business activity in Kenya in November expanded at the fastest rate in 10 months following the lifting of the 10 pm to 4 am curfew.

This is according to a survey conducted by Stanbic Bank which reveals that domestic demand increased rapidly in response to the lifting of the curfew, with the main beneficiaries being firms in services, trade and construction.

As such, firms enjoyed a sharp increase in demand through the lifting of curfew measures.

The Purchasing Managers’ Index also noted that there was a solid and accelerated upturn in output levels across the Kenyan private sector economy in November.

Respondents of the survey said that the lifting of the national curfew had led to increased economic activity and customer demand.

However, some firms continued to report cash flow problems.

The survey also noted that the pace of output growth was the fastest seen since May, driven by expansions …

Many firms cited issues with money circulation in the economy which had a notable impact on activity levels.…