July’s survey of Kenyan private sector firms indicated a further deterioration in business conditions, although at a slower and modest pace.
The Kenyan private sector activity signaled a solid deterioration in the month of June occasioned by a fall in output as new orders remained the same, the Purchasing Managers’ Index (PMI) survey released by Stanbic Bank and HIS Markit has shown.
The performance of the Kenyan private sector was stagnant in May as the Stanbic Bank - HIS Markit Purchasing Manager’s Index (PMI) posted just below the neutral 50.0 threshold.
Kenya Power’s commercial customers will now be able to better manage and settle their post-paid power bills anywhere and anytime thanks to an online payment solution developed by Stanbic Bank.
Following a deterioration in March, conditions in the Kenyan private sector broadly stabilised in April, the Stanbic Bank - HIS Markit Purchasing Manager’s Index has shown.
Stanbic Bank has launched a training and mentoring programme for small and medium enterprises (SMEs) in partnership with Strathmore Business School.