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Vol 49 No 3

Published 1st February 2008

Economic crisis without borders

Kenya's post-election crisis has exploded several myths about the strength of its financial institutions, its economy and the force of political and economic integration under the revived East African Community.

Financial projections for East Africa have been turned on their head. Kenya's election crisis has damaged all the members of the East African Community and the contagion has spread into neighbouring states, such as Congo-Kinshasa and Ethiopia, as well as Somalia and Southern Sudan. Most obviously, the crisis has blocked some of the region's transport corridors, slowing or stopping several big trading operations.

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