The vote to leave the European Union (Brexit) produced a political and a financial shock-wave. There will surely be more political twists and turns – but the point is that the United Kingdom is a robust democracy, and political volatility which has flown off the charts will ebb. British Prime Minister David Cameron (who was expected on a state visit here in Nairobi) tendered his resignation. Independence Party leader Nigel Farage’s poster of hoards of black and brown immigrants tipped the balance, I am sure. However, at some point the whole world is going to pile in and for medium to long-term accounts, they are probably looking to scale in already.

Source: The Star July 04, 2016 03:45 UTC