VIOLENT PROTESTS THREATEN Kenya's ECONOMY, URGES KNCCI.

BY NJOKI KARANJA. 

The Kenya National Chamber of Commerce and Industry (KNCCI) has expressed profound grief over the loss of lives and extensive damage caused by recent protests gripping the nation. While affirming the right to peaceful protest, KNCCI strongly condemns the violence that has led to looting and destruction of property, severely impacting businesses and livelihoods across Kenya.

 (C) Dr. Erick K. Rutto, President Kenya National Chamber of Commerce and Industry (KNCCI)

In a statement released today, KNCCI highlighted a worrying 17% decline in export activity since the onset of the protests, signaling significant disruptions in supply chains and a decline in investor confidence. The Nairobi Securities Exchange (NSE) has reportedly lost KES 63 billion in investor wealth in just two weeks, underscoring growing apprehensions about Kenya's economic stability amidst the unrest.

"The government must uphold its constitutional duty to safeguard lives and property while respecting the right to protest," emphasized KNCCI President, urging swift action to restore normalcy. The organization called for immediate dialogue to address protester concerns, crucial for stabilizing the economy, especially during the peak tourism season.

"With tourism being a cornerstone of our economy, the current unrest jeopardizes its growth and the millions who depend on it," KNCCI warned, urging calm and constructive engagement among all stakeholders.

KNCCI reiterated its commitment to supporting recovery efforts and facilitating dialogue through various platforms across Kenya. The chamber emphasized the need for collaborative action to resolve issues peacefully and ensure a prosperous future for all Kenyans.