Kenya’s private sector posts strongest recovery in 5 years
Kenya’s private sector rebounded sharply in November, driven by new orders, increased consumer spending, and easing costs, according to the latest Stanbic Bank Purchasing Managers’ Index...
✨ Key Highlights
Kenya's private sector experienced its strongest recovery in over five years in November, driven by a significant increase in new business and consumer spending.
- The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) indicated the fastest rise in new orders in over five years.
- Christopher Legilisho, an economist at Stanbic Bank, stated that recent stimulus measures are now positively impacting the real economy.
- Inflationary pressures remained mild, with input costs rising at the slowest pace in 18 months.
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Govt Sells Sh244bn Safaricom Stake Amidst Private Sector Recovery and a Major Tax Evasion Ruling - December 2025
The Kenyan government sold a 15 percent stake in Safaricom, raising Sh244.5 billion for infrastructure investments and increasing Vodacom Group’s control over Safaricom to 55 percent. This transaction occurred as Kenya's private sector experienced its strongest recovery in over five years in November, driven by a significant increase in new business and consumer spending. In a separate financial development, a High Court decision upheld a significant portion of a Sh773 million tax assessment against a construction company. This ruling is seen as bolstering Kenya's fight against "missing trader" tax evasion schemes.
