The story of businesses employing a wait-and-see attitude ahead of the polls is replicated in other major towns around the country. ALSO READ: MP Junet Mohamed arrested over hate speechThe private sector, which lost out in the 2008 skirmishes - is on edge. According to Stanbic Bank’s Purchasing Managers Index (PMI), a critical index that has been used to monitor activities in the private sector, it slipped to 47.3 in June from a 49.9 in May. Business conditionsThis was the lowest reading since the series began, pointing to a record contraction in private sector activity. Multi-party elections in Kenya, generally, have always had a negative impact on the economy.

Source: Standard Digital August 01, 2017 06:45 UTC