Electioneering has cost Kenya's economy Sh700bn - Kepsa - News Summed Up

Electioneering has cost Kenya's economy Sh700bn - Kepsa


By JAMES KARIUKIMore by this AuthorThe last four months of the electioneering period has cost private businesses up to Sh700 billion in lost opportunities. The Kenya Private Sector Alliance (Kepsa) on Tuesday said the situation risks getting out of hand, further hurting the economy. This is especially so given that private businesses employ about1.8 million Kenyans which is about 71 per cent of formal employment, Kepsa said. "The education sector has also had its calendar disrupted and national examinations could suffer if the current political situation is not managed properly,” he said. The private sector group said the matatu sector was losing Sh75 million daily from disrupted services in counties affected by political demonstrations -- Kisumu, Siaya, Homa Bay, Migori, Mombasa and Nairobi.


Source: Daily Nation October 24, 2017 14:37 UTC



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