Kenya’s ongoing anti-government demonstrations are causing the country to lose Ksh.2.86 billion per day, according to the Kenya Association of Manufacturers (KAM).
KAM chair Rajan Shah stated that the protests have significantly impacted the manufacturing sector, resulting in severe financial losses for businesses.
The manufacturing sector contributes about 1 trillion shillings to the Kenyan economy, which equates to approximately 2.86 billion shillings in daily value addition.
“This translates to approximately 2.86 billion shillings daily in value addition. Therefore, the country stands to lose up to 2.86 billion shillings daily if the protests continue to disrupt businesses as we have witnessed in the last two weeks,” said Shah.
Our manufacturing sector contribution to the Kenyan economy stands at about 1 trillion shillings as per the Economic Survey 2023. This translates to approximately 2.86 billion shillings daily in value addition. Therefore, the country stands to lose up to 2.86 billion shillings… pic.twitter.com/bW5WrUu4cv
— KAM (@KAM_Kenya) July 21, 2023