In a statement to the media on July 21, association chairperson Rajan Shah stated that the 14 sectors they represent have collectively suffered approximative losses.
“Therefore, if the protests continue to disrupt companies as we have seen in the past two weeks, the government could lose up to Ksh2.86 billion every day,” according to Rajan Shah.
The manufacturing sector provides at most Ksh1 trillion to the national economy, according to the Economic Survey 2023.
According to the Association, it results in a daily value addition of about Ksh2.86 billion shillings.
Shah added that the disruption to the chain and logistics network was caused by the event.
“The manufacturing industry has suffered a great deal as a result of the ongoing protests. We sympathize with the majority of our members who have complained about business disruptions that have hampered day-to-day operations,” according to Shah.
According to KMA, since the country’s demonstrations began, there has been unease and concern for safety, making it difficult for customers and staff to travel to company locations.
Adding that international investors who heavily rely on a stable political and social business environment are threatened by the protests.
“Kenya’s reputation as an attractive investment hub is at risk following this demonstration with an ambitious plan to grow the manufacturing sector contribution as a percentage of GDP, by threefold, from 7.8% to 20% by 2030,” he added.
The Association has urged the leaders of the government and the opposition to settle their differences amicably using whatever methods allowed by the constitution.
