Kenya private sector activity shrinks for first time since August 2025

Drop partly due to the war in the Middle East, with only the wholesale sectors experiencing expansion...

✨ Key Highlights

Kenya's private sector activity contracted in March for the first time since August 2025, a survey by Stanbic Bank revealed. The Purchasing Managers' Index (PMI) fell to 47.7 from 50.4 in February.

The only sector experiencing expansion was wholesale and retail.
Stanbic Bank cited constrained customer spending, reduced cash circulation, and the impact of the Middle East war as reasons for the slowdown.
The contraction indicates businesses expect challenges due to geopolitical tensions, despite the Kenyan finance ministry's optimistic economic growth forecasts.

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