Kenya: Trade Key to Post-Poll Revival, Says Uhuru
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The Nation (Nairobi)
19 August 2008
Posted to the web 20 August 2008
Muna Wahome
Zaragoza
Kenya has identified trade and investment as key in resolving the socio-economic issues behind the post-election violence, deputy Prime Minister Uhuru Kenyatta told businesspeople in Spain on Tuesday.
Mr Kenyatta, who doubles as the minister of Trade, assured the investors that the Kenyan leadership had resolved to move the country forward and resolve the structural problems that exploded into violence.
"As a key player in this process, I can confirm to you that the entire political leadership has made a firm commitment to move ahead and focus our energies and attention to addressing the underlying challenges facing our country," he said.
"The key strategy revolves around enhancing trade and investments, to generate wealth and provide employment to the Kenya people.
Trade has been identified as a key driver of the 10 per cent annual growth targeted between 2008 and 2012 under the Vision 2030.
Mr Kenyatta is leading a huge delegation of private and public players to Expo Zaragoza 2008 which has been on for last few weeks. Delegates are drawn from diverse sectors including coffee, tea and horticulture industries, co-operatives and municipal councils critical to the Kenya export sector.
On Tuesday, the Kenya business forum was opened by Mr Kenyatta while the Kenya National Day takes place Wednesday.
Kenya is fighting to bridge a surging deficit with the European country. Available figures show that in 2006, Spain exported goods worth $85.3 million and imported $32.3 million.
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Overall, over the past few years, Kenya's has faced an escalation in imports at 118 per cent growth even as exports grow at a rather moderate 54 per cent.
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