| Updated Thu, May 4th 2017 at 10:52 GMT +3Activity in Kenya's private sector stabilised in April after a contraction in the previous month, as new orders for firms in the local market improved, a survey showed on Thursday. The Markit Stanbic Bank Kenya Purchasing Managers' Index (PMI) rebounded to 50.3 after dropping in March to 48.5, the lowest reading since the survey began in January 2014. Violence following past elections, most notably after a disputed presidential result in 2007, makes some investors nervous about this year's poll. "Political risk is likely to remain elevated which could prompt the private sector to scale back on investment spending," Qureishi said. - Detailed PMI data are only available under licence from Markit and customers need to apply to Markit for a licence.

Source: Standard Digital May 04, 2017 07:41 UTC