Election impasse threatens Kenya’s regional exports

Kenya’s PMI score hit the lowest in almost four years reflecting the dampened economic output from the private sector. [Stanbic Bank]

The political stalemate over next week’s repeat presidential election could dampen Kenya’s economic growth. This may threaten trade with the East African Community member states.

Economists are warning that the impasse together with Kenya’s law that caps interest rates and effects of drought experienced over the past year will depress regional economic growth for the short to medium term.