Supreme Court judges arrive for a hearing. [Photo/The Star]
On Friday at 11 am, Kenyans will know the fate of the presidential petition challenging the e-election of President Uhuru Kenyatta, however an economic analysis firm Fitch Rating has a flip side of the ruling in regards to the nation's economy.
According to Fitch, Friday's verdict will have a significant impact on Kenya's economic progress cautioning that this may be due to likely unrest that may result after the ruling.
‘’Kenya’s public finances have deteriorated steadily since 2008, through weak revenue performance, increasing infrastructure spending and persistently high current expenditure. This is reflected in the negative outlook on Kenya’s ‘B+’ sovereign rating, which we affirmed in July,’’ stated the report.
However, Fitch commended NASA coalition for resorting to settle their matter in the highest court in the land.
"While it is still possible that any court decision to reject the challenge could trigger new unrest, we believe that the election will not result in any significant deterioration in investor or economic sentiment toward the country,’’ said Fitch.