Wanjiru Waweru, Jadetimes Contributor
W. Waweru is a Jadetimes News Reporter Covering Africa & Business News
Nairobi, Kenya — Kenya’s private sector held steady back in February, extending at the same pace as the last month, a survey revealed on Wednesday. The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) rose to 50.6 in February from 50.5 a month in advance. Readings increased by 50.0 signaling growth in its activity.
Stanbic Bank made a statement about the accompanying survey. However, many companies have reviewed the overall aspect of the business.
“Sector divergences were apparent ... with output and new business growth driven by agriculture, manufacturing and construction. Meanwhile, wholesale & retail and services firms recorded declines. Only 5% of surveyed firms expect output to rise over the next 12 months, with positivity only recorded in three of the five monitored categories: construction, wholesale & retail, and services.”
The finance ministry concentrates on the economy to increase by 5.3% in both 2025 and 2026, quickly rising to an estimated 4.6% to expand in the previous year.
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