Private companies growth slowest in five months

Workers at an Export Processing Zone (EPZ) factory in Athi River. PHOTO | DENNIS ONSONGO

Activity in Kenya’s private sector slipped to its slowest pace in five months in November, hurt by a fresh round of restrictions to contain rising Covid-19 infections and deaths, a survey showed yesterday.

The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) for manufacturing and services dropped to 51.3 from a record 59.1 in October — breaking the streak of gains since August as the economy gradually re-opened after months of lockdown measures imposed in March to curb the spread of the coronavirus.

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