×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - 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.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Opinion
Small business, big ecosystems: From insights to action: The next step for small businesses
Business
Forex reserves slide as Iran war tests Kenya economy firepower
Business
Tea export levy raises concerns among growers
Business
Top bank chiefs reap millions in pay and perks on bumper profits