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Investors says NO to referendum talk

26 September 2014, 14:29 Victor Tinto

Nairobi - The Federation of Kenya Employers FKE has rejected talk of a referendum in the country, saying it will likely stall economic growth and efforts.

Referendum plans, both by the opposition CORD coalition and the Council of Governors has dominated the country, in effect splitting the nation into half.

Opinion polls released earlier this month place the country at an impasse over the matter.

The government has said that calls for a referendum are premature and that efforts should be made to ensuring there is development instead.

FKE too, believes that the planned referendum will not help the country in any way, and will only build tension in the state that will lead to economic downturn.

" The referendum, even though constitutionally viable and a right for the parties interested will only increase tension in the country and create an unstable environment that will affect the economy, it said in a statement Friday.

Read also: CORD to begin 30 day countrywide referendum education

The country it adds, is already in need of work to lift the struggling economy and key sectors and a referendum will not aid those intentions.

The revelation will be a boost to the government which has severally stated its dislike for the referendum.

The opposition and governors though, will unlikely be perturbed by the notion that the FKE have an opinion on the matter, saying that it is a constitutional.

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