The hyped exit or stay by Britain in European Union is a mere stale topic to us Kenyans, Africa, Asian, Americas and even Europe.
For one Kenya was not party to their joining EU as we have not even agreed on our EAC details. EU currently like to deal with other Nations outside EU as individual countries and so we would drum the same to happen to them.
What benefits did we get from Europe being a Union other than being to to meet conditions that favored them but bad to us?
Britain assume it is not getting the deal is so wanted when it joined EU, in fact some countries had objected or delayed joining EU as they had different levels of development and human indexes.
The set rules by EU had to apply to all countries forming Union. Kenyan flowers to Holland had to meet stringent rules framed by mightier members who had interest elsewhere.
The Union is a mockery to other Worlds especially China, India and Africa whose products are cheap killing Europe economies.
I will laugh when the EU breaks!

With globalisation, whatever happens in Europe affects our economy. Brexit is all our business.

Decided not to comment...

If someone thinks Brexit will not affect the Kenyan economy, then you need acres of space and enough time to explain to him the why and the how.

And in any case, voting is going on...

We wait for results...

B R E X I T!!!!!

First thing, Global companies set up in Britain will move out pap! "Home grown" ones might also follow or move some of their operations. Why pay 35% tax (among other taxes) to get products manufuctured in Britain to the rest of Europe??? And restrictions on staff movement, taxes on raw materials etc. etc. Better move to one of the other EU countries.

Wacha hivyo wanasema Eastern Europeans are taking up their jobs. They will be left with no jobs to be taken from them!!!

Things are elephant!!! Markets are down all over and London is still not open!! The pound is down 12% against the dollar to the lowest level in 35 years I think. The euro is down. There is talking of circuit breakers to avoid panic selling when the markets open. There is talk of David Cameron's position being no longer tenable. Scotland has already started considering another referendum for independence - one of the main reasons they voted to remain part of Britain was to remain in the EU.

Funny thing though, this referendum is NOT BINDING to Parliament.

The question is whether David Cameron and Parliament have the balls to defy the will of the people and the fall out that would follow such an action!

[quote=mikanjoroge]Pound has fallen by 8% to the dollar in the last few hours. What will happen to KSH? If it falls, IT WILL BE OUR BUSINESS.
Interest rates go up... and you know the rest from past experience.. where this story ends.
Opus dei will have to dig deep into his bag of tricks.


http://www.wsj.com/artic...-polls-close-1466718460[/quote]


The Kenya Shilling has similarly strengthened against the Great Britain Pound 9%. Remember for every loser there is a winner. But this is not conclusive. Lets wait and see the beginning of the financial earthquake that has been felt right now in Asian capital markets seeing stocks plummeting to unprecedented lows. Brexit has caught up everybody by surprise. Stocks at NSE dominated by foreigners surely must feel the hit terribly sweeping Wanjiko underfoot to bankruptcy.

Only in Africa.

It was kinda expensive for Britain to be in EU. It had to make hard decisions knowing there were lame ducks in the union. It had to feed zombie economies of poor union members. Its like staying with a lazy poor brother who always eat in your house whilst your wife get angst for that.
Those Eurocentric ideas against other continents down the drain. Cameron woke up with swollen balls, he must leave!!! . Next is Holland!!!
We must make sure EAC does not have common currency as well as it won't survive fearing neighbours here home.
Pound will move up, Euro will sneak down with time. Britain always has a high hand and so is Germany and France that will as well opt out.
"Every squirrel on its own way"