Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Finance

2.3 million jobs created since 2014, President Uhuru says during #SONA2017

President Kenyatta at the Volkswagen assembly plant in Thika/FILE

NAIROBI, Kenya, Mar 15 – President Uhuru Kenyatta has said the economy created 2.3 million jobs in the last four years. 

In his State of the Nation address, the President said Kenya had attracted international investments including 1,532 major companies setting up shop in the country.

He cited the Volkswagen plant in Thika, Wrigleys Sh6 billion factory in Machakos and an aluminum can manufacturing plant in Sultan Hamud as examples of foreign direct investments since 2013.

“This compared to less than 40 often quoted companies that have either relocated for corporate strategic reasons or downsized and closed due to lack of competitiveness,” said President Kenyatta.

Without elaborating on the sectors that created the jobs, the President said the Government is committed to creating the right environment to attract investment.

” That investment, in turn, will lead to jobs and end to poverty. It will bring new economic opportunities across the country especially to previously marginal areas. I assure every Kenyan that all the funds borrowed will continue to be put to good use,” added the President.

He cited the World Bank’s report on ease of doing business which has ranked Kenya as the 3rd most improved country globally for two years in a row.

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Your email address will not be published.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 16 – The World Bank has given the Kenyan government USD 60 Million (Sh6.1 billion) to help combat the deadly coronavirus pandemic...

Headlines

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

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...

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...

Headlines

NAIROBI, Kenya, Mar 13 – Meet Kennedy Okaka, the CEO of PH Africa which manufacturers and distributes hand sanitizers. Okaka speaks to Capital Business...