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Kenya’s private sector activity contracts in July at steepest rate in a year NAIROBI (Reuters) -Kenya’s private sector contracted at the fastest pace in a year in July as input prices rose and protests disrupted some businesses, a survey showed on Tuesday. The Stanbic Bank Kenya Purchasing Managers’ Index fell to 46.8 in July from 48.6 a month earlier. Readings above 50.0 indicate growth in business activity, while those below that signal contraction. "The decline was largely concentrated in the manufacturing and services sectors, conflicting with higher output across agriculture, construction and wholesale & retail," Stanbic said in comments accompanying the survey. "Businesses reportedly curbed their output because of lower sales volumes, cash flow problems, political unrest and accelerating inflationary pressures." July’s PMI reading marked the steepest drop in operating conditions since July 2024. In early July, at least 31 people died in demonstrations in Nairobi and other towns held to mark the 35th anniversary of the country’s first major pro-democracy rallies seeking an end to single-party rule. Kenya’s consumer inflation rose to 4.1% year-on-year in July, compared with 3.8% the previous month, data from the statistics office showed. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

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Kenya central bank lowers 2026 growth forecast to 5.4% NAIROBI (Reuters) -Kenya’s central bank has lowered its 2026 economic growth forecast to 5.4% from a 5.6% forecast given in April, its governor Kamau Thugge said on Wednesday. On Tuesday the Central Bank of Kenya reduced its 2025 growth forecast to 5.2% from 5.4% as it cut its benchmark lending rate for the sixth meeting in a row, saying it wanted to provide further support to the economy. The Central Bank Rate was lowered by 25 basis points (bps) to 9.75%, whereas its previous cut was by a larger 75 bps. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

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🇰🇪Kenyan Investment Opportunities – Where 💰 Money Meets Meaning

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Kenya appoints central bank economist Raphael Owino as new head of debt management office; taking over from Haron Sirima. #KenyaEconomy https://fefd.link/rhUom

Trapped in “Second-Hand Clothing”: An Investigation into Kenya’s Used Clothing Market Kenya has become Africa’s largest second-hand clothing importer, reshaping markets, policies, and sustainability. Explore the latest…

I just published Trapped in ‘Second-Hand Clothing’: An Investigation into Kenya’s Used Clothing Market
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The Rise of Mobile Savings Platforms in Kenya Exploring how mobile savings platforms are transforming financial inclusion in Kenya by enabling secure and convenient saving options.

The rise of mobile savings platforms in Kenya is transforming how people save and invest! Learn how these apps are empowering financial growth and helping users achieve goals. www.ssegu.co.za/2024...

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