Kenya’s private sector activity declined in October as elevated price pressures, and higher operating costs continued to dampen demand and output, according to Stanbic Bank Kenya Purchasing Managers’ Index. The latest Purchasing Managers’ Index survey shows that October registered a reading of 50.2, down from a seven-month high of 51.7 recorded in September. During the period, there was a record rise in purchase costs in October, driven by rising fuel costs, a weaker currency, and material shortages. The Purchasing Managers’ Index readings above 50.0 signal growth in business activity, while those below that point to a contraction. Mulalo Madula, an…
Author: Korir Issa
Korir Issa
IK, a Masinde Muliro University grad, tackles social justice through journalism. He analyses news and writes on women's rights, politics, technology, law, and global affairs.
In the 2022 Financial Year, Safaricom managed to recycle 88.1% of the solid waste from its operations, including paper, organic and plastics.
Elon Musk completed his $44 billion acquisition, taking the helm of the social media giant He is also the CEO of Tesla Inc. and SpaceX.
Winners of the 2023 Rise Global Challenge Will Join Seven Past Winners From Kenya and 200 Winners Worldwide To Receive Access to a Lifetime of Benefits
Over the years, businesses have become key to delivering the UN Sustainable Development Goals through innovative solutions and strategic partnerships. In Kenya, Safaricom has been at the forefront of embedding sustainability into its goals and corporate missions by addressing its processes’ environmental and social impacts. This has been manifested in several sustainable initiatives the company has undertaken, such as co-creating and developing meaningful products and services that deliver social impact, unlock new opportunities and align with its priority SDGs. Safaricom’s 2022 Sustainable Business Report shows that the company has significantly impacted health, education, agriculture, and humanitarian solutions. This was underpinned…
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