Kenya private sector activity contracts in September - PMI
© Reuters. FILE PHOTO: A motorist drives on the controlled section during the construction of the Nairobi Expressway, undertaken by the China Road and Bridge Corporation on a public-private partnership basis, along Uhuru highway in Nairobi, Kenya August
The index has been in contraction territory for most of the year, with only January's and August's readings showing growth. Fuel prices have a big impact on inflation in the East African economy nation as it depends heavily on diesel for transport, power generation and agriculture, while kerosene is used in many households for cooking and lighting.The shilling is down 17% against the dollar so far this year and has repeatedly hit fresh lows.
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