Kenyan Wall Street | by Miriam Wangui
Kenya’s private sector activity during the month of April dropped to its weakest level in 11 months mainly due to the movement restrictions and extended curfew hours introduced in five counties at the end of March.
The Stanbic Bank Kenya Purchasing Managers Index, which measures the level of private sector activity, plunged to 41.5 from 50.6 in March 2021. The 41.5 reading, the lowest since May 2020, signified a sharp deterioration in the business environment…
