×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Businesses feel the heat amid economic slowdown, protests

Vocalize Pre-Player Loader

Audio By Vocalize

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 Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • 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
Ruto assents to Infrastructure Fund Bill as KPC debuts at bourse
By Xinhua 17 hrs ago
Business
What to know about impact of US-Israel-Iran conflict on regional energy supply
By Brian Ngugi 19 hrs ago
Business
Ruto man Ndii rules out new negotiations with IMF team
Business
Sacco gross loans surpass Sh900b mark