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Kenya’s private sector activity improves in May

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[Image source: African Arguments | Credit: Nina R.]
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Kenyan Wall Street | by Miriam Wangui


Kenya’s private sector activity picked up momentum in May after months of slow growth.

The Stanbic Bank Kenya Purchasing Managers Index (PMI), which measures the level of business activity in the private sector, increased to 52.5 in May from 41.5 in April. The May PMI reading is the highest in four months…

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