Aaj TV English News - World https://english.aaj.tv/ Aaj TV English en-Us Copyright 2026 Fri, 10 Apr 2026 17:22:29 +0500 Fri, 10 Apr 2026 17:22:29 +0500 60 Kenya private sector activity in March; weaker shilling hurts - PMI https://english.aaj.tv/news/30317154/kenya-private-sector-activity-in-march-weaker-shilling-hurts-pmi <p><strong>NAIROBI: Kenyan private sector activity slowed down in March, undermined by rising input costs that were driven up partly by Russia’s invasion of Ukraine.</strong></p> <p>The S&amp;P Global Kenya Purchasing Managers’ Index (PMI) fell to 50.5 in March from 52.9 a month earlier. The 50.0 mark separates growth from a contraction in activity.</p> <p>“The slowdown was driven by rising inflation which resulted in subdued demand growth by consumers and a contraction in output by producers,” said Kuria Kamau, Fixed Income and Currency Strategist at Stanbic Bank.</p> <p>“Input prices rose at the fastest rate in eight years driven by higher taxes and the Russia-Ukraine conflict which has increased fuel, food, and fertiliser raw material costs.”</p> <p>Inflation (KECPI=ECI) rose to 5.56% year-on-year in March from 5.08% a month earlier, data from the statistics office showed.</p> <p>Economic activity has recovered in recent months, helped by the easing of restrictions aimed at containing the spread of COVID-19.</p> NAIROBI: Kenyan private sector activity slowed down in March, undermined by rising input costs that were driven up partly by Russia’s invasion of Ukraine.

The S&P Global Kenya Purchasing Managers’ Index (PMI) fell to 50.5 in March from 52.9 a month earlier. The 50.0 mark separates growth from a contraction in activity.

“The slowdown was driven by rising inflation which resulted in subdued demand growth by consumers and a contraction in output by producers,” said Kuria Kamau, Fixed Income and Currency Strategist at Stanbic Bank.

“Input prices rose at the fastest rate in eight years driven by higher taxes and the Russia-Ukraine conflict which has increased fuel, food, and fertiliser raw material costs.”

Inflation (KECPI=ECI) rose to 5.56% year-on-year in March from 5.08% a month earlier, data from the statistics office showed.

Economic activity has recovered in recent months, helped by the easing of restrictions aimed at containing the spread of COVID-19.

]]> World https://english.aaj.tv/news/30317154 Wed, 05 Apr 2023 12:39:30 +0500 none@none.com (Reuters) A Kenyan worker prepare men’s underwear at the Hela intimates export processing zone (EPZ) limited factory in Athi River, near Nairobi, Kenya, July 27, 2017. Reuters