Election fever to hit economy, experts warn

CORD supporters confront policemen before they were teargased and dispersed outside IEBC offices in Nairobi. A new parliamentary report has warned that Kenya's development will stagnate or drop in the next financial year because of the 2017 General Election. (PHOTO: BONIFACE OKENDO/ STANDARD)

Kenya's development will stagnate or drop in the next financial year because of the 2017 General Election, a new parliamentary report has warned.

The team of economists, tax experts and fiscal analysts who advise MPs on the economy and the national budget policies, have warned that the political activity around the elections has made investors nervous.