Uhuru says political stability in EA anchor for economic growth

May 13, 2016
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Kenyatta who opened the new Kenyan mission in Uganda on Thursday stated the unity in the region will turn around the economy of the member states/CFM NEWS
Kenyatta who opened the new Kenyan mission in Uganda on Thursday stated the unity in the region will turn around the economy of the member states/CFM NEWS

, NAIROBI, Kenya, May 13 – President Uhuru believes political stability in East Africa will lead to fast economic growth of the region.

The president said the unity in the region was paramount in the economic development.

Kenyatta who opened the new Kenyan mission in Uganda on Thursday and stated the unity in the region will turn around the economy of the member states.

He met several investors among them the Chief Executive of Dahabshiil, Abdirashid Duale. Dahabshiil is Africa’s leading money transfer company.

The president met Duale alongside the Managing Director of Kenya Commercial Bank in Uganda Joram Kiarie.

President Kenyatta, flew into Uganda from Kigali, Rwanda, where he attended the 26th World Economic Forum (WEF).]

At the World Economic Forum in Kigali, President Kenyatta spoke about the need for governments to work with the private sector to impart market-relevant skills to the youth, whom he identified as the bedrock of economic growth.

He said it was necessary to make significant investment in young people to enable them to participate effectively in economic development.

Duale says the growth of the economy of the region will vastly depend on the stability.

“When there is peace and stability, institutions like Dahabshiil, Kenya Commercial Bank, Equity Bank and many others will thrive and grow. And I think our governments are working towards that.”

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