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Survey: Kenya’s private sector activity recovers after Gen Z protests

Protests

Anti-government protesters display placards along Moi Avenue in Nairobi on July 23, 2024.

Photo credit: Evans Habil | Nation Media Group

What you need to know:

  • Thousands of youthful demonstrators poured onto streets of Kenya’s major urban centres across the country in mid-June to oppose plans to enforce fresh and higher taxation measures from July, poor governance and alleged corruption in government.
  • This prompted President William Ruto to drop the Finance Bill 2024 and dismiss about half of his Cabinet. 

Kenya’s private sector activity grew in August--the first growth in three months-- reflecting easing economic uncertainties because of faded anti-government protests.

Findings of a closely-watched monthly survey released on Wednesday showed that businesses posted the first growth in sales since May, recovering from the sharpest fall in more than three years at the peak of youth-led protests in July.