Assessing what lies ahead for Kenya's politics and it's security risks
Risk Advisory recently hosted a breakfast briefing in which we assessed the political and security risk outlook for Kenya, the ability of the government to prevent further terrorist attacks and the increasing risks of a potential resurgence of inter-ethnic violence.
With four Al-Shabaab attacks and at least 75 people dead in the space of three weeks, it is clear that the terrorist threat in Kenya is growing and evolving. Domestic extremists also appear to be stepping up operations and showing increasing intent to target foreign interests. The government’s inability to address the deteriorating security situation has exacerbated inter-ethnic rivalries. On 7 July, the opposition called for ‘mass action’ against the government, raising the prospect of yet another dimension of risk and uncertainty.
Yet, against this backdrop of rising insecurity, Kenya’s recent Eurobond sale showed that business confidence remains strong. According to data from the UN, Kenya is now one of the main drivers for growth and an increase in FDI in the continent, with Nairobi being a leading regional business hub.
Jesper Culler, who is the lead analyst for Sub-Saharan Africa in Risk Advisory’s Intelligence & Analysis practice, presented at this briefing which was chaired by Henry Wilkinson, Head of Intelligence & Analysis. The recorded briefing can be watched here.
If you would like to know more about this, please do not hesitate to get in touch with Jesper Cullen.