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Kenyan President Uhuru Kenyatta on Monday commissioned the Kisumu Railway Station, expressing optimism that the rail transport will boost Kisumu’s status as an economic hub in the western region. Kenyatta pointed out that the restoration of the rail transport in Kisumu will not only lower the cost of ferrying goods along the line but also stimulate the growth of industries that will create the much needed jobs for the youth. “Because of this rail, the cost of travelling from Mombasa to Kisumu will reduce. Also the cost of transporting goods from Mombasa to Kisumu will reduce and that is of…
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Kenyan president Uhuru Kenyatta has opened the new permanent premises of the Trade and Development Bank. The magnificent 20-floor tower, located in Nairobi’s Kilimani area, will serve as the bank’s Eastern Africa regional headquarters as well as the regional operations hub. Speaking during the occasion, Kenyatta said the expansion of the operational base of the Trade and Development Bank in Nairobi affirmed Kenya’s capability and credentials to host an expanding family of regional and international institutions. “Indeed, the sustained expansion of Kenya’s economy boosted by strong investor confidence and a resilient banking and financial services sector, validates our claim as…
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Former Kenyan president Mwai Kibaki is dead. His death has been confirmed by President Uhuru Kenyatta a few moments ago, who has also ordered the Kenyan flag to be flown at half-mast from today until Kibaki is buried. The former president will also be accorded a state funeral. Kibaki was Kenya’s third president, ruling from 2003 to 2013. At the time of his death, he was 90 years.
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Kenyan President Uhuru Kenyatta has assured global investors that Kenya is open and safe for business.Speaking as he launched celebrations to mark the Kenya National Day at the Expo 2020 Dubai, Kenyatta said his administration has put in place a legal framework for investment that provides adequate investor protection in line with most international standards including safeguards for property rights.He added that Kenya enjoys political and economic stability, a fully liberalized economy, a large domestic consumer market, a youthful, skilled and productive labour force as well as a modern infrastructure network.“These attributes have made Kenya the location of choice for…
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