“The ongoing protests have dealt a significant blow to the manufacturing sector. We share the pain of most of our members who have reported that numerous businesses have experienced disruptions, hindering their day-to-day operations,” KAM Chair, Rajan Shah said.
The manufacturing sector’s contribution to the Kenyan economy stands at about Sh1 trillion as per the Economic Survey 2023.
This translates to approximately Sh2.86 billion daily in value addition.
“Therefore, the country stands to lose up to Sh2.86 billion shillings daily if the protests continue to disrupt businesses as we have witnessed in the last two weeks,” Rajan Shah said.
He added that the demos do not help in Kenya’s goal of increasing foreign investment as investors rely heavily on a stable political and social environment that assures the safety of their investments whilst guaranteeing that business operation will not be disrupted.
“Kenya’s reputation as an attractive investment hub is at risk following these demonstrations.”
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