A section of businesspersons from Thika town have decried low business operations during this electioneering period due to election fevers.
Speaking to press in a Thika hotel on Friday, the investors said that since the campaigns for the August 8 general elections kicked off, they have recorded low business.
According to Pius Thuku, the election fever has been affecting their businesses and that they have been experiencing slow pace in their business. He said that their clients and members have since shied away from investing, saving or repaying their loans.
“People are not saving and are not capitalizing on their money and the capital growth is so low. We have noted that the borrowing appetite is still there but it is very low as the business environment is not good,” Thuku said.
He added that Kenyans have employed the ‘wait and see’ culture occasioned by the fear of the unknown and said that businesses are not growing since the environment is not good compared to few months ago when according to him, they had heavy vibrancy.
“The election fever is having a heavy beating on the economy and we are not the only ones affected but the whole country. The economy we have worked so hard to build after the post-election violence is diminishing again,” he said.
The investors advised, “Our call to the people is that we need to get back to business, we need to go back to growing our economy because the politics come and go but our businesses are the ones affected.”
The business community called on the politicians to tone down the rhetoric and hate speech which is rising the political temperature and scaring away investors both internally and from foreign countries.
“We would like to call on the politicians threatening to boycott the October 17th repeat elections to consider the country and stop putting their interest first since the country needs to get back to normal,” insisted Thuku.
The businesspersons likened those spreading fear to terrorists saying that terrorism is spreading fear among the people just like the politicians are doing to Kenyans on mainstream and social media.
John Gachoka said that the economy is melting down slowly and the politicians need to take note of the same citing the loss of over Kshs.150 billion at the Nairobi Stock Exchange (NSE) after the supreme court announced that the August 8th elections we null and void.
“We have seen another sign of customers who have loans and are not repaying, there are some people who delayed paying before the elections as they thought the country will burn and so they wanted to have some money in their pocket and the same delay is being experienced right now,” he regretted.
He added that there’s looming hunger across the country if the political fever persists and thus calling upon Kenyans to unite against any form of fear and intimidation caused by the upcoming repeat polls.
“When people are unable to work there is no cash flow in the country which in return leads to poverty and hunger. This country is bigger than anyone of us and incase of any violence all Kenyans will suffer irrespective of their tribe,” Gachoka expressed.
He advised Kenyans to be preaching peace, vote peacefully and maintain peace after the elections no matter the outcome as their businesses will not depend on whoever becomes the President.
“Let us not allow the politicians to incite us against each other they are not with us when we are suffering,” he said.