
Infrastructure key to recovery, says VP
Wed, 20 May 2009 11:08By TradeInvestKenya Staff
The government plans to invest more in infrastructure to reduce the cost of doing business, says Vice President Kalonzo Musyoka.
The plans include downscaling of non-priority expenditure and stopping waste to save cash which will be used to revamp roads, power and port facilities.
Musyoka told investors at the African investors forum held in Nairobi yesterday that closer partnerships between governments and the private sector are needed to ensure credit crunches and bank collapses are avoided.
The Standard reports the vice president called for increased intra-Africa trade to cushion the continent’s economies from the woes of the global financial systems.

