The Chamber warned that the country may not attain the 6.02 percent economic growth projected by the World Bank in 2018, because of politics revolving around the succession of President Uhuru Kenyatta and proposed constitutional referendum.
It pointed out that economic growth and political stability are deeply interconnected, as an unstable political environment may reduce investments and the pace of economic development, while poor economic performance may lead to government collapse and political unrest.
“There are no doubts that the situation in the country today indicates that there is too much work to do in the pace of reforming the political economy, and improving the quality of the people and the communities,” said the Chamber in a statement issued in Nairobi on Wednesday.
KNCCI said that as the country recovers from the prolonged electioneering period, there is a need to focus on reforms that will increase economic growth and stay away from the politics of 2022.
Kenyatta’s succession and a proposed referendum on the constitution to expand the executive and purge certain constitutional offices have dominated headlines in the East African country since last year.