THE National Treasury is confident the Westgate Mall terrorist attack will not hurt Kenya's economy saying lined up projects will go on. Treasury Principal Secretary Kamau Thugge said that while tourism might be slightly affected, this will not be a major economic concern as the sector is still a small contributor to the country's gross domestic product.
Manufacturing and agriculture remain strong, Thugge said yesterday. Suspected terrorists attacked the upmarket mall on Saturday and killed over 60 people and held others hostage.
Securtity teams have been battling the attackers and by yesterday, indications were that they have been contained. The incident hit business activities in and around the Westgate Mall with concerns that tourists may avoid Kenya over fears of similar attacks.
"That incident has not caused us to deviate from the plans we had," said Thugge after he signed a Sh850 million loan with the Arab Bank for Economic Development for the Oloitokitok water supply and sewerage project.
He said the government still intends to issue the planned sovereign bond while funding to the county governments will be sustained.
And coming shortly after fire gutted down part of the Jomo Kenyatta Kenyatta International Airport, Thuge termed the terrorism attack as an isolated incident which should not be related to the JKIA fire.