28-05-2019 by redazione
Kenya is going through a particular economic period from which it will not be able to leave quickly but for which it must take prompt countermeasures.
The alarm was triggered in recent days, when the World Bank reserved the right to decide on the request for a further loan of 75 billion shillings (just under 700 million euros) by the Kenyan Treasury Minister Henry Rotich.
For months the government has been trying to bring back into its coffers huge funds taken from public property by politicians and local administrators for what is no longer called the fight against corruption, but "thieves hunt", as the opposition leader Musalia Mudavadi has called it.
The paradoxical situation of a country that has comforting data of growth (GDP between 5.5 and 6.5% in projection) but a youth unemployment that is close to 10%, that has numerous projects in the pipeline co-financed by international companies and that has accepted partnerships and contracts with the Chinese giant, causes Kenya to risk bankruptcy in a short time. The government's work to stop the haemorrhage of resources that corruption feeds is strenuous and every day there are arrests of leaders, MPs and even County Governors. For its part, the Central Bank has decided to keep interest rates at 9%.
The experts provide, in addition to even more resolute actions against the dishonest, a series of recipes to try to raise a nation that has so many resources to be one of the wealthiest countries on the African continent.
Sectors such as Agriculture and Tourism are indicated as the possible driving force for the economy and this is what the Government must work on: especially by making it easier for foreigners to invest in Kenya and the bureaucracy, creating preferential access routes for those who can bring professionalism, resources and benefits through tourism activities that can attract customers, operators and investors in Kenya.
Relying on marketing specialists and training experts, consultants and service providers, seems more than ever essential to give competitiveness to the tourism industry, which is one of the continuous taps from which to draw thanks to entry visas, permits and licenses, as well as for all the induced that new activities can lead to the system-Kenya. The beauty of this country, its uniqueness and accessibility is under the eyes of all, but we must not take it for granted but cultivate and adapt it to the times and to the competition.
On the other hand, when a beautiful building begins to need a restyiling, before elevating it to another floor to earn money on new tenants, it would be better to improve the apartments that are already there.
Flavio Briatore has decided to sell its prestigious Lion In The Sun spa resort in Malindi.
The announcement came during a press conference by its manager, Philip Chai, who is also the director of the hotel association of the Kenyan...
The government has resumed talks to complete the work of the Malindi international airport.
In a meeting with the top management of the KAA airport authorities, the Kenyan Ministry of Transport in recent days reaffirmed that Malindi is one of...
The Nairobi forum organized by the Najib Balala Tourism Minister in Nairobi last few days reiterated: Malindi will have its international airport.
Private causes will be solved soon and will continue, because the Malindi project is part of a much...
According to the research "Africa Risk-Reward Index"published by Nkc African Economics, Kenya and Ethiopia are the leading countries of the near future in the Black Continent.
The report, which compares investment, GDP, security and many other factors supporting the economy,...
Excellent news for the economy and for tourism in Kenya.
After years of waiting, the Jomo Kenyatta International Airport in Nairobi has obtained the certification of Category A to be able to make and receive direct flights from the United...