The private business sector in Kenya is tensed as the election period approaches,a survey done on 5th July expressed a decline in Kenya’s private business sector activities.
There is a decrease in credit growth and worries among investors and other business personalities in various private businesses, due to possible disruptions in business by the August elections.
The Markit 
Stanbic Bank Kenya Purchasing Managers’ Index (PMI) has dropped to 47.3 in June from 49.9 in May. That drop, as from January 2014 when the survey begun, is the largest one so far, and the third in the last four months.
Jibtan Qureishi, regional economist for East Africa at Stanbic Bank said, “The private sector continues to slow down due to the political uncertainty ahead, while reduced access to credit has also led to subdued domestic demand.”
Kenyans will elect leaders in August, and business people both in the private sector and the public sector, hope that elections will be conducted peacefully.
Kenya predicts that its economy will rise by 5.9% this year, compared to 5.8% in 2016. The World Bank on the other hand predicts Kenya will grow 5.5%.
Written By Collins Gathogo