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Private sector deals increase to 6-month high on cash flow boost
An aerial view of downtown Nairobi CBD as pictured on December 5, 2023.Kenya’s private sector slipped into contraction in March as weak demand and rising costs slowed business activity.
Kenya’s private sector activity grew at the fastest pace in six months in November on increased demand for goods and services, findings of a monthly survey showed, helping protect jobs.
Companies posted an accelerated momentum in sales at a rate last witnessed before the eruption of youth-led protests which, alongside the high cost of borrowing, prompted businesses and households to suspend spending decisions.
