254News

News Beyond News

‘Ksh180Billion Will Not Be Stolen’ Uhuru Tells France

2 min read
Spread the post

President Uhuru Kenyatta has encouraged French investors to pick Kenya as their preferred investment destination in Africa and assured them of support from the Kenyan government.

While lobbying for Kenya as fertile land for investment, Uhuru stated that the country was not only rich in natural resources beneath it but also boasted of exceptionally talented youth who will provide an excellent human resource for investors.

The president, however, observed that a section of investors may be shying away from investing in the country in fear of their money being misused.

President Uhuru Kenyatta during his visit of France on October 2, 2020. /TWITTER

He was nonetheless, quick to assure French investors that his administration was cracking the whip against the menace of corruption and that advanced structures were being laid to ensure plundering of public funds was not easy.

“I am not going to lie to you. Yes, corruption is still a problem but I want to guarantee you that we are fighting that problem.We are putting in place mechanisms that are going to ultimately ensure that it is much harder for people to engage in corrupt practices.

As a government, we will do everything that we can to facilitate you, to make it easy for you to do business in Kenya and in the region,” assured Uhuru.

The head of state made his remarks in Paris on Friday, October 2, during the France-Kenya business forum hosted by MEDEF, the largest French business consortium in the world.

His statement on corruption came a day after he witnessed the signing of three multilateral funding deals which include a public-private partnership (PPP) for the construction of the Nairobi-Nakuru-Mau Summit highway.

Others were agreements for the development of the Nairobi Central Business District (CBD) to Jomo Kenyatta International Airport (JKIA) commuter railway line and the 400KV Menengai-Rongai electricity transmission line. Funding for the projects is valued at Ksh180billion.

Uhuru’s remarks also came amid allegations of massive misappropriation of donor funds wired to the Ministry of Health to help in the fight against COVID-19.

A recent review by Auditor General Nancy Gathungu showed that at least KSh 2.3 billion went to the drains following questionable procurement of Personal protective Equipment (PPEs) by the Kenya Medical Supply Agency (KEMSA).

KEMSA offices in Nairobi. /FILE

 


Spread the post

Do you have a groundbreaking story you would like us to publish? Please reach us through info@254news.co.ke. Contact 254news.co.ke Instantly.