Core Insights - The business activity in Kenya's private sector reached its highest level since February 2022, driven by an improving economic environment [1] - The Purchasing Managers' Index (PMI) released by Stanbic Bank indicates that private sector activity rose for the second consecutive month in October, reaching 52.5%, up from 51.9% in September [1] - The PMI reflects a rebound in business activity following disruptions caused by protests in the second quarter of this year, with both output and new business volumes increasing for the second month in a row, and the growth rates of both metrics accelerating [1] - Significant growth was noted in the wholesale and retail sectors [1]