2018 best for private sector in four years, says Stanbic

Kenya’s businesses had their best run in four years in 2018, a new index that measures the performance of the private sector has shown.

Stanbic Bank Kenya’s Purchasing Managers’ Index (PMI) saw firms make more new orders and increase staffing levels, signaling an improved business environment. PMI reading rose to 53.6 in December, a slight increase from November’s 53.1, “signaling a solid advancement in the private sector economy,” according to Stanbic.