Mombasa and Kisumu resumed normal business on Monday bustling with trade as a lull spread over Nairobi with small business bearing the most brunt.
Without incidences of violence Mombasa was the busiest of the three cities even as Kisumu returned to normalcy after the city’s opposition governor Prof Anyang Nyong’o called for peace urging businesses to open.
Startups and medium enterprises in Kenya’s urban areas are the most affected by the ongoing protests and violence in Nairobi and other towns.
Startups who depend on daily sales to drive their operations are finding it hard to survive given lack of financial reserves to survive the period. Kenya’s 2017 elections which election observers claimed were free and fair have ended in extended running battles and opposition leader Raila Odinga’s supporters created tension in the city of Nairobi and Kisumu.
Business owners say it is difficult to do business as clients have adopted a wait and see attitude which has most affected the services sector. ” It is the small businesses that will suffer the most, for instance, people who are casually employed and are being paid on a daily basis are the once who will bear the brunt of the situation,” said political analysts Mark Bichachi said on Citizen tv.
Most business remained shut in Nairobi CBD on August 14, 2017 even as business owners hoped that the situation could go back to normal.
Kenya’s economy is largely driven by small scale business owners who employ more than 80 per cent of the population. Mr Odinga yesterday told his supporter to boycott work in a move that could put the economy at the risk of foundering having already been shocked by drought.
The country’s economy remain fragile and heavily reliant on agriculture and small scale business. Mr Odinga enjoys a wide support having garnered 6.7 million votes while his leading contender President uhuru Kenyatta got 8.7 million in what observers said was widely credible.
Kenya’s economy support the rest of region through the port of Mombasa and transport and financial herbs. One of the continents beacons of hope has not mastered the election process which her piers such as Ghana, Senegal, Tanzania seem to be learning faster.