Investors cautious as polls approach
16 January 2013, 16:55
Nairobi - The Kenya Association of Manufacturers (KAM) has warned that the manufacturing sector may experience slow growth during the first quarter of this year as investors await the outcome of the forthcoming elections.
In a statement to Capital News, KAM Chief Executive Officer Betty Maina emphasised that the country’s political framework and stability before and after the election period will largely impact the overall economic growth of the country.
“In the post-election violence that took place after 2007 industry lost over KES 10 billion, more than 4,000 jobs… foreign direct investment plummeted by almost 75 percent from $729 million to $183 million,” she said.
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