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Originally published by The Standard BusinessMarch 5, 2026
4h ago
Private sector activity registers sluggish growth in February
Kenya’s private sector grew at a slower pace in February due to weaker agriculture and manufacturing performance, although firms continued to boost hiring at the fastest rate in a year...
✨ Key Highlights
Kenya's private sector experienced sluggish growth in February, with the Purchasing Managers Index (PMI) dropping for the third consecutive month. Despite the slowdown, businesses continued to increase hiring, reaching the strongest growth seen in a year.
- The PMI fell to 50.4 in February, indicating only a marginal improvement in the private sector economy.
- This slowdown was primarily driven by downturns in the agriculture and manufacturing sectors.
- New job creation accelerated in February, a positive sign attributed to increased workloads and new projects, as noted by Stanbic Bank's survey.
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