Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
President Kenyatta spoke Monday when he opened a joint Forum of the Rockefeller Foundation, the African Development Bank and the Economic Commission for Africa on Inclusive Economies in Africa/FILE

Kenya

Africa’s future brighter than ever, Uhuru says

President Kenyatta spoke Monday when he opened a joint Forum of the Rockefeller Foundation, the African Development Bank and the Economic Commission for Africa on Inclusive Economies in Africa/FILE

President Kenyatta spoke Monday when he opened a joint Forum of the Rockefeller Foundation, the African Development Bank and the Economic Commission for Africa on Inclusive Economies in Africa/FILE

NAIROBI, Kenya, Dec 8 – Inequality is a challenge in Africa but growth in recent years has raised hope of a better future, President Uhuru Kenyatta has said.

He noted that eight of the 10 fastest growing economies in the world are from Africa with an average growth of five percent.

“Africa is standing in an incredibly privileged position becoming a centre for global growth. We are proudly watching the continent rising to an international powerhouse and becoming an investment destination for both advanced and emerging economies,” he said.

President Kenyatta spoke Monday when he opened a joint Forum of the Rockefeller Foundation, the African Development Bank and the Economic Commission for Africa on Inclusive Economies in Africa.

He said in the last decade Foreign Direct Investment to the continent has increased fivefold, with the largest share of investment flowing into the mining and extractives sector.

President Kenyatta said the continent’s past record has not been good but the last decade has seen promising signs.

“Africa is at a crossroads, with a youthful population that will be the largest global workforce in the next two decades; a land blessed with natural resources beyond compare; and a continent that is the very embodiment of resilience and hope,” President Kenyatta said.

He said Africa has also been doing well in the achievement of the Millennium Development Goals and is the only continent with a ‘post-2015 programme’.
President Kenyatta, however, said African countries should focus on developing a skills base to fully exploit the continent’s potential.

“Engineering skills to run drilling operations; legal skills to negotiate positions that protect our present day assets into the future; technology skills to run the digital networks needed to build and maintain these investments are critical to economic and livelihood prospects for our young men and women,” he said.

In Kenya, President Kenyatta said, the National Youth Service has been re-energized as a programme that instils dignity in all spectrums of work. It teaches national values and social cohesion as benchmarks for a new generation of Kenyans.

Advertisement. Scroll to continue reading.

Noting that Africa is rapidly growing its digital footprint, the President said Kenya has established itself as a leader in IT innovation, with groundbreaking products such as M-PESA.

“My government has committed to ensuring it reflects a digital DNA and this is evidenced by our commitment to building these skills from primary level and shifting the modus operandi of how government works through an e-government platform,” the President said.

Pages: 1 2

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Headlines

NAIROBI, Kenya, Mar 16 – The World Bank has given the Kenyan government USD 60 Million (Sh6.1 billion) to help combat the deadly coronavirus pandemic...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Coronavirus

NAIROBI, Kenya, Mar 25 Kenyans who will fail to pay their dues by April 1 will not be listed in the Credit Reference Bureau...