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.
Stanbic Bank has become the first bank in Kenya to offer an Automated Float Purchase platform for Mpesa agents.
Political instability in Kenya contributed to the seventh consecutive deterioration in business conditions in November. Although at a slower pace, the deterioration in the health of the private sector in November remained marked.
Stanbic Bank Kenya has today launched a new business unit called Wealth dedicated to offering a complete range of financial services including Life and General insurance, investments, health solutions and international products/services for individual and business clients across all points of contact with customers.