Kenyan Wall Street | by Miriam Wangui
Business activity in Kenya shrank sharply in March as the hike in fuel prices and covid19 restrictions hit key sectors of the economy such as the hospitality and entertainment industry.
The Stanbic Bank Kenya Purchasing Managers Index (PMI), which measures the health of the private sector, fell to a nine-month low of 50.6 in March, from 50.9 in February.
Most businesses reported minimal growth in output and a slow down in new orders during the month. The fuel price hike in March led to…
