How The Election Period Has Affected Economy In Kenya

Every five years, the citizens of the Republic of Kenya cast their vote for whom they think should lead our country. What might not be so obvious is how important of a role the economy plays in deciding which party will come out on top.  Not everyone is affected by a candidate’s education policy because not everyone has children. Not everyone is well versed enough about foreign policy to connect with a candidate’s stance on immigration or conflicts in the middle east. However, all citizens care about their money, the stability of the financial markets where they invest their money, and the security of their jobs. All of these concerns are directly linked to the economy.

Elections are always a time of uncertainty for Kenya. Since independence, the country has held ten elections and several of them have been marred by post-election violence, including the 2007 vote when more than 1000 people were killed and over half a million displaced. An examination of past economic surveys shows that the polarising and violent nature of Kenyan election politics and uncertainty about the outcome, are among the root causes of economic slowdown.

I must confess that this election period was more peaceful that the previous we had.During election campaigns, competing candidates and parties try to sell their solutions to the problems they identify. However, due to uncertainity, most investors had opted to invest more after elections, this is due to fear of property destruction. During the voting period, most business have been closed and owners tend to open from next week.  I hope they recover the losses experienced and business to run as usual


Facebook Comments

Leave a Reply

Your email address will not be published. Required fields are marked *