POLITICIANS have been cautioned against taking the country back into an election mood as this will hurt the business environment.
United Business Association chairman Jayendra Malde said the economy cannot afford another round of campaigns on a referendum barely four months after the grueling March 4 polls.
"While it is the democratic right for anyone to call for a referendum on any issue, what we are saying from the business side that it is simply not the right time, we cannot afford another period of campaigns," he said during an interview with the Star.
He said the economy is showing signs of picking up especially with the lowering of the interest rates and strengthening of the shilling.
Malde warned that if politicians in Jubilee and Cord alliances continue exchanging words over the referendum issue, this will create an election fever negatively affecting the business environment.
The UBA chairman added that international investors are closely watching the political happenings in the country and that many may decide to suspend their investment plans until they are sure of the political environment.
"Elections ended in March, we should now focus on development and jobs creation. Another election will come in 2017, and a few months to that, then those who want to campaign can do all the campaigns," said Malde.
Cord led by former Prime Minister Raila Odinga is pushing for a referendum to increase budgetary allocations to counties to 40 per cent from a minimum of 15 per cent as presently provided in the constitution.
However, the Jubilee side headed by President Uhuru Kenyatta and Deputy President William Ruto has opposed any plans for a referendum noting that the increment to the counties can be down without subjecting the country to the vote.