Business Community applauds IEBC for re-affirming that the Presidential election re-run will be on 26th October 2017

By / October 13, 2017 : 10:09 / BUSINESS, POLITICS / No Comments
Business Community applauds IEBC for re-affirming that the Presidential election re-run will be on 26th October 2017

The business community has applauded the IEBC for its latest statement re-affirming that the Presidential election re-run will be held on 26th October, 2017. In a statement, the Business community said;

‘The prolonged uncertainty and frequent disruptions arising from this election period are undermining Kenya’s competitiveness in an increasingly competitive global economy. Several businesses have been forced to employ a wait-and-see attitude on key investment and spending decisions, as they await the end of the Presidential election process. The linkages that tie businesses within a complex, integrated modern economy mean that the ripple effects of such decisions have spread to all businesses, and especially, much to our mounting alarm, to Small and Medium Enterprises (SMEs), which account for a large proportion of Kenya’s businesses, and on which much of our economic growth is premised.

They added that as key stakeholders in the economy, the business community’s position on the current election-related issues has been clear and consistent from the start: Kenyans have set up, at great cost and sacrifice, independent institutions to run elections (the IEBC), and to adjudicate disputes arising out of this electoral process (the Judiciary) and that the business community will continue supporting these institutions as they carry out these functions, and will speak out without fear and favor against those who try to sabotage their activities.

 

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