Economy hurts as Kenyan political stalemate holds

Traders closed shops along Moi Avenue in Nairobi during protests on October 9, 2017. Commentators worried about how politicking is draining the economy. PHOTO | EVANS HABIL | NMG

Kenya’s drawn out election coupled with the political impasse is impacting negatively on the economy, threatening to have a spillover effect on the neighbours with whom it trades heavily.

Latest market and economic data, with a few exceptions, such as tourism and horticulture paint a picture of an economy in suspense as the two political poles maintain hardline positions, whose negativity is already showing in the macro and micro sides of the region’s largest economy.