Kenyan Wall Street | by Miriam Wangui
Business activity in Kenya’s private sector rose sharply in January, after a modest improvement in December 2020.
High output and new business pushed up private sector activity. The Stanbic Bank Kenya Purchasing Managers Index (PMI), which measures business activity, stood at 53.2 in January, the highest reading in three months, up from 51.4 in December last year.
A reading above 50 indicates improved business activity and a reading below 50 shows contraction in business activity in an economy…
