High taxes, inflation weaken private sector growth in January

City residents walk along the ground floor level shopping at the Kangundo Road Market located along Kangundo Road on September 12, 2024.

Photo credit: File | Nation Media Group

Kenya’s private sector activity expanded for a fourth running month in January, the first time in two years, on improving circulation of money and mild inflationary pressures which helped sustain output and demand for goods and services.

The pace of expansion in activities such as output, new orders, and employment was, however, slower than the previous two months, according to a monthly survey based on feedback from about 400 companies.

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