the weakest reading in eight months<\/a>.\n <\/p>\n\n Survey data showed the first decline in new orders in seven months, prompting firms to scale back output as demand weakened.\n <\/p>\n
\n The PMI has now fallen for four consecutive months, signalling a broader slowdown in economic momentum.\n <\/p>\n
\n Higher oil prices linked to tensions around the Strait of Hormuz are feeding into transport, food and production costs in Kenya, a net fuel importer.\n <\/p>\n
\n Businesses reported rising input costs but limited ability to pass increases to consumers, reflecting fragile demand.\n <\/p>\n
Gulf investment exposure grows<\/p>\n
\n Kenya has also signed expanded economic partnership agreements with the United Arab Emirates aimed at boosting trade, infrastructure and digital economy investment.\n <\/p>\n
\n Earlier financing from the region includes a $1.5 billion UAE loan and Saudi oil supply credit facilities used to stabilise Kenya\u2019s currency and support fuel imports.\n <\/p>\n
\n The country has also extended fuel supply deals with Gulf energy firms including Saudi Aramco, Emirates National Oil and Abu Dhabi National Oil, underscoring reliance on Gulf financing and energy trade.\n <\/p>\n
\n Despite this, officials in the Gulf are privately assessing whether the financial consequences of a prolonged conflict could prompt a review of overseas investment plans, the Financial Times reported, raising the risk of reduced capital flows to African economies.\n <\/p>\n
\n The Institute of Economic Affairs said a prolonged conflict could also pressure Kenya\u2019s foreign reserves as authorities draw down holdings to pay for more expensive imports, increasing the risk of broader macroeconomic strain.\n <\/p>\n","protected":false},"excerpt":{"rendered":"An update report released by the Institute of Economic Affairs and reported by Eastleigh Voice warned that remittances…\n","protected":false},"author":2,"featured_media":391210,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-391209","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/391209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=391209"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/391209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/391210"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=391209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=391209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=391209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}