Growth in Kenya’s private sector plateaued last month, adding to the challenges for President Uhuru Kenyatta as he seeks re-election in August by touting his strong economic performance.
The Markit Stanbic Bank Kenya Purchasing Managers’ Index dropped to 50.1, a record low since the survey began in January 2014 and down from 52.0 in January. A reading above 50.0 marks growth.