Lake Region Economic Bloc now a legal entity as key bill passed
SEE ALSO :Oparanya to quit regional postThose yet to ratify the economic bloc are Bomet, Bungoma, Homa Bay, Kericho, Nandi, Siaya and Trans Nzoia. Governor Wilber Ottichilo said the county would be be able to fully participate in the activities of Lreb after the Bill was passed.
Six counties“The economic bloc is now a legal entity after the adoption of the Bill by at least six counties as required by the Act that established it. We can now transact business with any organisation to empower our people economically,” said Dr Ottichilo. Ottichilo said the bloc was focusing on exploiting opportunities in the transport and infrastructure sectors, including maritime transport. Industrialisation is also a key area of focus as counties in the region seek revival of the ailing sugar industry, improve tea, fish farming and milk processing within the first five years.
SEE ALSO :Oparanya to remain chair of bloc“The region has over 14 million people, which is a ready market for our produce. We will also make the bloc an attractive destination for local and foreign investors. Some development partners have shown interest in partnering with Lreb counties,” said Ottichilo. The bloc’s CEO Abala Wanga urged the remaining counties to adopt the Bill, saying economic blocs will play a key role in developing regions.
We are undertaking a survey to help us improve our content for you. This will only take 1 minute of your time, please give us your feedback by clicking HERE. All responses will be confidential.