×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Businesses feel the heat amid economic slowdown, protests

Chieni Supermarket was vandalized and looted goods during the anti-Finance Bill protests on June 26, 2024. [Mose Sammy, Standard]

Kenyan business activity fell sharply in June amid widespread economic challenges and a negative impact on sales from protests and policy uncertainty following the fall of the Finance Bill, 2024.

According to the Stanbic Purchasing Managers Index (PMI), new business intakes dropped at the fastest rate since November last year, leading to a drop in business confidence and weaker job creation.

Get Full Access for Ksh99/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Business
Chinese firm, NSSF inch closer to Mau Summit road contract
Business
Why unremitted pension contributions have hit Sh65 billion
Business
Privatisation law sparks fears over sale of public assets, grabbing of land
By Sofia Ali 10 hrs ago
Business
Meru, Embu and Tharaka Nithi counties sign deal on joint waste management