Kenya Private Sector Activity Contracts Again in April

The Stanbic Bank Kenya PMI rose to 49.4 in April from 47.7 in March but remained below the growth threshold. Higher fuel prices and rising inflation dampened consumer demand and increased operating costs across the wholesale, retail, and agricultural sectors.

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Kenya private sector activity contracted for a second month in April as the Stanbic Bank PMI rose to 49.4 from 47.7. The reading remained below the 50.0 growth threshold for the first time since August 2025. Rising fuel costs and supply chain disruptions are dampening consumer demand and slowing output across major sectors.

Fuel Costs Erode Consumer Purchasing Power

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