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Businesses feel the heat amid economic slowdown, protests

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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.

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