MEASURING THE ECONOMIC IMPACT OF CORONAVIRUS ON KENYA

Kenya Private Alliance Chief Executive Officer Carole Karuga. PHOTO /DONALD KOGAI

MEASURING THE ECONOMIC IMPACT OF CORONAVIRUS ON KENYA

By Donald Kogai

The Kenya Private Sector Alliance (KEPSA), the

apex body of the private sector in Kenya,

resolved to engage all its members to

begin to calculate the projected economic

impact of Coronavirus in each sector.

The collated input will inform the development

of a rapid response mitigation plan to minimize

the impact of the outbreak on the Kenyan

market.

It will also allow the private sector to measure

the impact of the expected global slowdown of

trade on Kenya.

KEPSA is encouraged by Executive Order No 2

of 2020 issued by President Uhuru Kenyatta,

which provides a platform to address the

national emergency efforts on the outbreak.

KEPSA will present collated members’

proposals (see the enclosed list of members)

during the quarterly engagement with the

National Development Implementation and

Communication Cabinet Committee (NDICC)

Roundtable chaired by Cabinet Secretary Dr.

Fred Matiang’i in early March and work with the

government on economic mitigation actions

during this season that will affect both big and

small business and feed to the new established

task force by government on our area of

economic impact.

Also, some of our private sector players with a

critical reliance on imports from some of the

affected regions are activating other supply

chains and sourcing options to mitigate

imminent disruptions before global trade

settles back to normality.

In regards to the health concerns, the KEPSA

health sector board, Kenya Healthcare

Federation (KHF), is working closely with the

Ministry of Health on joint activities to ensure

coordinated and regular communication

updates to the public.

We will continue to play our role as the private

sector in our contribution to the economy.

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