Kenya’s private sector activity grew at the slowest pace in four months in January, weighed down by higher prices of raw materials as well as elevated import taxes, new findings of a monthly survey indicate.
The Stanbic Kenya Purchasing Managers Index (PMI) —a gauge for monthly private sector activity such as output, new orders, and employment— slowed to 51.9 last month, down from 53.7 in December last year.
