The health of the private sector in Kenya improved to the greatest extent since January 2016 during March. Output growth quickened to the fastest rate since the inception of the survey in January 2014.
Stanbic Holdings Plc weathered a tough operating environment last year to post a KSh4.3 billion profit after tax (PAT) according to its just released 2017 full year financial results.
Kenya’s private sector observed the greatest improvement in operating conditions since April 2016 during February. The overall upturn was driven by a survey-record increase in output and the sharpest rise in new orders since January 2017
Operating conditions across the Kenyan private sector improved at a solid rate according to January survey data.
2017 was always likely to be a somewhat challenging macroeconomic environment; one that would test the resilience of the Kenyan economy.
Business conditions improved for the first time in eight months amid reports of greater political stability. Growth was underpinned by expansions in output, new orders, stocks of purchases and employment, thereby reversing the recent downward trend.