What does Kenya stand to lose from the post-election chaos?
The economy, one of the success stories of Kenya in recent years, is taking a battering. The Nairobi stock exchange has slipped sharply, as has the Kenyan shilling. Exports have been hit by the insecurity and blocked roads, and trade with neighbouring countries has been curtailed. Tourism, the country’s biggest single earner, worth £400m a year, has been seriously hit, with hotels and travel agents reporting up to 80% cancellations. Perhaps the biggest damage, which will seriously affect foreign investment and tourism for some time, is to Kenya’s reputation. Its image as a place of peace, stability and tolerance has been shattered. Countries such as Uganda and Rwanda, which for years have looked to Kenya with envy, are now looking on with pity.
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- What does Kenya stand to lose from the post-election chaos?
