Increase investments in the Export Processing Zones
SEE ALSO :EPZA sewer dispute costs firms Sh11mTreasury might also consider raising the funds needed for such investments from the public and the local money markets via special bonds in the same manner it raised funds to finance infrastructure beginning with the time when the current president was the finance minister. History shows that those infrastructure bonds were hugely popular and were heavily over-subscribed. Co-operative movement The Trade, Industrialisation and Cooperatives Minister might also be persuaded to consider raising such funds from the country’s co-operative movement. After all, in the absence of such invests that could earn huge returns for co-operators, investment decisions are left to the discretion of officials who routinely invest in property whose prices are inflated. There have also been incidents when the liquid co-operative societies have been lured into investing in questionable financial institutions that become a drain on their finances. Past arguments that such enterprises would be mismanaged do not hold much sway as firms in which the State has interests are making profits that are the envy of their peers owned by the private sector. Co-operative Bank, which has risen from the ashes of the terrorist bombing of the US Embassy is a testimony that the co-operative movement has the potential to develop the country. Kenya should stop relying on foreign investors to create jobs because they leave can leave the country worse off.
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