×
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 Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • 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
Why the built environment is slow to absorb job seekers
Real Estate
Jay Z and Beyonce, Messi hold largest real estate portfolio among celebrities
Real Estate
Locals reap big from housing infrastructure revamp
Business
Kenya Airways redeploys second Embraer plane after repair to meet festive season demand