State to blame for delayed cement firm
By Joseph musyoki
| September 1st 2016
Nigerian Aliko Dangote’s plan to set up a cement factory in Kenyan seems to have run into a storm. The project has taken too long to take off and we are instead witnessing him flood the Kenyan market with cheap cement from Ethiopia.
This is against the policy of job creation and fair competition but the Government is partly to blame. It should bring down the cost of electricity and offer investors other incentives.
We should not export jobs by helping Dangote to ‘fund raise’ so he can finance his entry in Kenya as this is killing local factories.
CBK should further drop its benchmark rate from 10.5% to 5%This will definitely make credit cheaper and more accessible to vulnerable Kenyans who have been on the exploitation spree by rogue banks since 1963
Opening Ceremony: Kenya takes her pride of place as 2020 Tokyo Paralympic Games beginTeam Kenya Paralympics strolled majestically into the Tokyo Olympic Stadium led by captain Rodgers Kiprop and Powerlifter Hellen Wawira for the Openin
Uhuru to open historic park on Jamhuri Day
- Maranda High School dormitory on fire again
By Isiah Gwengi
- Glowing tributes for tycoon Kibe as a visionary, mentor
- Pastor Ng’ang’a’s TV station banned from live broadcast
By Betty Njeru
- ODM candidates in Mount Kenya upbeat as support for Raila soars
- Former PS buried in private ceremony two days after death