GAUGING THE ECONOMIC WAVES OF CORONAVIRUS ON KENYA

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The Kenya Private Sector Alliance (KEPSA), the apex body of the private sector in Kenya, this morning 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 ofhttps://www.expresstoday.co.ke/?p=2932&preview=true 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 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 sincerely.”

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