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Business confidence falls to 10-year low despite private sector growth

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Traders at Soko Mjinga Market in Nyeri. [Kibata Kihu, Standard]

Kenya's private sector activity registered growth in March, but it was also marked by a deterioration in confidence among businesses, which dropped to its lowest level in a decade.

Business conditions, according to the latest Stanbic's Purchasing Managers' Index (PMI), improved on account of growth in orders from customers but also boosted by good weather.

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