Renewed price pressure slows private sector deals

Workers producing iron sheets at Mabati Poa Factory, Nairobi on May 19, 2023. 

Photo credit: File | Nation Media Group

Kenya’s private sector activity grew at a slower rate in December than a month earlier despite festive season’s shopping, findings of a monthly survey indicated on Monday, prompting firms to soften the pace of hiring workers.

That marked the first time private sector activity in December was weaker than November since the onset of the monthly surveys a decade ago.

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