Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
According to Kenya’s Foreign Affairs Cabinet Secretary Amina Mohammed, whereas Africa has diverse resources, poverty continues to bite hard, a situation that requires elaborate transformation/MIKE KARIUKI

Kenya

AU talks on poverty reduction kicks off in Nairobi

According to Kenya’s Foreign Affairs Cabinet Secretary Amina Mohammed, whereas Africa has diverse resources, poverty continues to bite hard, a situation that requires elaborate transformation/MIKE KARIUKI

According to Kenya’s Foreign Affairs Cabinet Secretary Amina Mohammed, whereas Africa has diverse resources, poverty continues to bite hard, a situation that requires elaborate transformation/MIKE KARIUKI

NAIROBI, Kenya, May 6 – The Africa Union Executive Council on Friday began deliberations on how Africa can utilise its resources to reduce poverty and boost development in the region.

According to Kenya’s Foreign Affairs Cabinet Secretary Amina Mohammed, whereas Africa has diverse resources, poverty continues to bite hard, a situation that requires elaborate transformation.

“Africa is a rich continent but poor people. We all know that Africa is rich in natural resources, and in spite of all that we remain poor, we remain very illiterate, we are languished by diseases. That’s why we are discussing how we can utilise our resources to our advantage,” she explained.

While noting that Africa’s big population translates to a big market and big pool of labour, Mohammed said it was imperative that Africa hold discussions and agree on mechanisms and programmes that can be adopted and implemented to develop the continent.

The high population, she said, was also highly skilled to fit in competitive job market which unfortunately had not translated to helping Africa but instead had seen export of labour to developed countries.

“How do we utilise our resources to our own advantage? What should we put in place – what mechanisms and what systems should we put in place so that we can deliver the fastest? These will form basis of the deliberations,” Mohammed explained.

Africa which enjoys a rich base of raw material, Mohammed complained, was exporting the raw materials to the west and then later buys manufactured goods made from the same materials at exorbitant prices yet Africa has the capacity to manufacture the same goods locally.

The retreat which will continue up to Sunday will also analyse successes achieved in different African countries and help countries lagging behind emulate.

The three day retreat was held in preparation for the AU summit slated for June in Kigali, Rwanda.

Advertisement. Scroll to continue reading.
Click to comment
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...

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...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

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

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

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

Coronavirus

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