EDITORIAL: Give the private sector confidence in economy

The slower growth of credit to the private sector in August as a result of businesses exercising caution due to the elections will not have come as a surprise to anyone who is familiar with Kenya’s history of political risk. The negative effect of elections has been a recurring theme in the country since the 2007 poll dispute, which resulted in widespread violence and a near halt in economic activity. Lending to businesses has otherwise been on an upward trend this year, which means that fundamentally, the economy is on the right path. This year, the polls passed peacefully, and as such we exp…

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