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Kenyan firms record highest export rate in 10 months

Published on March 10, 2016

Exports by Kenyan firms grew at the highest rate in 10 months in February, driven by increased demand for their goods in neighboring countries, according to a survey of purchasing managers in 400 companies.

The CfC Stanbic Purchasing Managers Index (PMI) survey for February shows that the growth in export orders allowed the firms to keep output levels high and hire additional staff in an effort to cut backlogs.

Export orders from Uganda were especially robust, according to the survey, even though the country was going through a general election which would have otherwise been expected to cause economic disruption. Read more. Source | Business Daily