The Kenya General elections will adversely affect neighbouring
countries if it turned out to be violent.
"If it turns violent there is high degree of losing a lot
economically, as what will happen to Kenya will affect the entire EAC
bloc," Dr Honest Ngowi of Mzumbe University's Dar es Salam Business
School said.
The senior lecturer said should the elections continue to be calm as
the current situation suggests, then "there will be no danger at all.
It's good for the region's economy."
"I haven't done any analysis, but it may increase the inflow of
tourists who fear the occurrence of hostility in Kenya," Dr Ngowi said.
On the other hand, Precision Air's Commercial Director, Mr Patrick
Ndekana said the number of Nairobi-Kilimanjaro or Nairobi-Dar es Salaam
passengers has not gone up so far.
"The passengers' number has not gone
up, I think it is at normal level," Mr Ndekana said. According to CIA
fact book, Africa is Kenya's largest export market, followed by the
European Union (EU).
Standard Chartered Bank observed two years ago that Tanzania's
current GDP (PPP) was 64 billion US dollars, which puts it in 7th place
in Africa, while Kenya's GDP which was 72 billion US dollars puts it in
6th place.
On investment portfolio, Dr Ngowi said there might be a
transfer of fund as investors foresee uncertainty in Nairobi to hedge
their funds in Dar es Salaam.
Though Zan Securities Chief Executive Officer Mr Raphael Masumbuko
said he was not sure of that movement but have observed that the Kenya's
tallying delay might have a positive effect on the Dar es Salaam Stock
Exchange.
Source: The Daily News, www.dailynews.co.tz, reported by Abduel Elinaza reported from Dar es Salaam
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