Kenya private-sector activity rebounds in April, PMI shows

The Markit and CFC Stanbic Kenya Purchasing Managers' Index (PMI) rose to 54.8 in April, from 52.6 in March. The PMI is one of the indicators watched by the central bank's Monetary Policy Committee. Jibran Qureishi, the regional economist for East Africa at CFC Stanbic, said respondents indicated exports to neighbouring Uganda had increased.