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Why post-election peace matters
Vehicles drive around a burning roadblock during post-election violence in Naivasha, about 60 km (37 miles) west of Nairobi, January 27, 2008. PHOTO | FILE | NMG
As we move into that period of our economic cycle where, in June, business activities are being postponed until September, the impact of our ethnically-rooted electoral system and the violence it so often triggers is being compounded by the darkest of economic alignments.
In the last two weeks, the shilling has hit an all-time low. A leading international credit agency has downgraded Kenya’s rating to an above-average risk of debt default, and inflation is rising.