Big firms worst hit by terror, says lobby

Inayat Kassam (left) evacuating victims of terror attack suspected at Dusit D2 hotel in Nairobi on January 15, 2019. [Edward Kiplimo/Standard]

Businesses in Nairobi, Garissa and Mombasa counties have reported losing an average of Sh175,396 in the wake of terror attacks in the country, according to a new report.

According to the Kenya Private Sector Alliance (Kepsa) report, large businesses were the most affected, with 69 per cent reporting having suffered the effects of violent extremism compared with small enterprises (59 per cent) and medium-sized enterprises (57 per cent). Titled Understanding the Impact of Violent Extremism on Kenya’s Private Sector, the report sampled 357 businesses in the three counties, with 55 per cent saying they had at one point been directly affected by a terror-related incident.