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Uhuru’s pledge to private sector

Wednesday May 15 2013

By NATION REPORTER

President Uhuru Kenyatta has said his government is working on policies that will boost the growth of the private sector.

The president said there is need to create conditions conducive to development of the private sector.

“Our manifesto and Kenya’s Vision 2030 identify a number of elaborate policy interventions aimed at enabling, guaranteeing and funding the economy,” he said.

Speaking when he addressed the African Trade Insurance Agency’s 13th Annual general meeting, the President said the agency played a key role during the elections by providing financial security to key sectors. This, he said, ensured businesses continued.

Nine countries

The agency, which is in nine African countries, was set up in 2001 to help reduce risks and costs of doing business in the region.

The nine countries include Burundi, Democratic Republic of Congo, Kenya, Madagascar, Malawi, Rwanda, Tanzania, Uganda and Zambia.

Chief executive George Otieno said the agency was diversifying its investments to ensure it remained competitive among the member states and in the continent.

Tanzania’s Finance Deputy minister Janeth Mbene urged more African countries to join agency to enhance its capital base.