Kenya’s Private Sector Activity Deteriorates On Gen Z-Led Protest

Nairobi — Private sector activities in Kenya last month saw a sharp decline, weighed down by Gen Z’s countrywide protests that disrupted business operations.

Latest Stanbic Bank Kenya’s Purchasng Manager’s Index (PMI) shows that the country’s PMI in July dropped to 43.1 percent from 47.2 in June.

While a PMI reading below 50 indicates a downtick and deterioration in business activities, the figure above shows growth and improvement.

Up until last month, Kenyan young people went to the streets to…