Kenya’s private sector activity recovers, cash circulation woes persist

The skyline of Nairobi CBD on June 23, 2021. 

Photo credit: File| Nation Media Group

Kenya’s private sector activity edged up slightly in October on the uptick in demand for goods and services, prompting firms to grow their workforce for the first time in three months.

The growth in business operating conditions was, however, fractional with companies and households still battling cash flow challenges amid a tough economic setting riddled with political uncertainty, findings of Stanbic Kenya Purchasing Managers Index (PMI) suggested Tuesday.

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