Business deals steady after slowdown, CEOs jittery about floods

Damaged electricity transformer

Heavy downpour downed a transformer on Arwings Khodek Road, Nairobi on May 4, 2024, leaving homes and businesses without electricity.

Photo credit: Francis Nderitu | Nation Media Group

Kenya’s private sector activity steadied in April compared with a month earlier on back of easing inflationary pressures amid a stable currency, findings of a closely-watched survey suggested.

Stanbic Kenya Purchasing Managers Index (PMI) — a measure for private sector activity such as such as output, new orders and employment— rose marginally to 50.1 compared with 49.7 percent in March.

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Note: The results are not exact but very close to the actual.