Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
National Treasury Henry Rotich says the boycott called by the National Super Alliance has no place in modern Kenya.

Government

NASA boycott insignificant to the economy – Treasury CS Rotich

National Treasury Henry Rotich says the boycott called by the National Super Alliance has no place in modern Kenya.

NAIROBI, Kenya, Nov 9 – National Treasury Cabinet Secretary Henry Rotich says the economic boycott called by the National Super Alliance will have no impact on the economy.

Rotich who was reacting on NASA’S call on its supporters to shun services and products from Safaricom, milk processor Brookside and fast goods manufacturer Bidco Kenya, says the boycott may do more harm than good to those it’s supposed to help.

Speaking on the current economic status, Rotich termed the move as backward and has no place in modern Kenya.

“It never happens in a progressive country at all to tell somebody, ‘don’t buy this or that,’ its completely ridiculous, I believe it will have no confidence,” he said.

NASA says the boycott is an act of economic sabotage against corporates they claim are affiliated to the Jubilee administration.

“You cannot put another policy that will bring more harm to your people and you are not addressing the needs of Kenyans,” he added.

He says the economy is expected to rebound in 2018 with a projected growth of between 6pc and 7pc owing to anticipated favourable agricultural output, following the short rains.

Agriculture contributes more than 25 percent of our GDP.

The Communication Authority of Kenya has also asked Kenyans to restrain from vilifying businesses following NASA’s call to boycott companies that include mobile operator, Safaricom Limited.

CA has urged politicians to avoid making utterances that may dampen the investment climate in the country, hurt jobs in the sector and ultimately compromise the lives of ordinary citizens.

Advertisement. Scroll to continue reading.

The ICT sector, in which Safaricom is one of the leading players, contributed 61 percent to the growth of the country’s Grown Domestic Product.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...