Kenya’s private sector experienced a sharp downturn in July, according to the Stanbic Bank Kenya Purchasing Managers’ Index (PMI). The index plummeted to 43.1, signalling a significant contraction in business activity compared to the previous month’s 47.2. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show … Continue reading July Consumer Spending Slumps Amid Kenya Protests