Trading & Financial News
No Result
View All Result
Friday, April 18, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Forex News

Development of Critical Infrastructure Key to Economic Growth

by Tradinghow
October 8, 2023
in Forex News
A A
0
Development of Critical Infrastructure Key to Economic Growth
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


The government is keen on upgrading infrastructure in Nyanza to unlock the economic potential of the region.

President William Ruto said the government has embarked on the construction of roads, port facilities, land sites, markets and industrial parks to improve the area.

The move, he added, will turn the region into a thriving economic hub, effectively leveraging Lake Victoria as a valuable resource for growth.

“We are building infrastructure and sinking dams that will help us exploit the economic potential of Lake Victoria,” he said.

He made the remarks in Mfangano during the commissioning of the improvement of 53 Kilometre Mfangano Ring Road in Homa Bay County.

The road, the President explained, will open up the island and attract investors, especially those in the tourism sector.

Later, he commissioned the tarmacking of Mbita-Sindo-Kiabuya-Sori Road in Magunga, Homa Bay County.

The President announced the creation of a new sub-county in Homa Bay; Suba Central that will have its headquarters in Sindo.

In Roo, Homa Bay County, President Ruto issued a permit of operation to Victory Farms, the largest fish producer in East Africa, that targets to feed at least two billion in the continent by 2050.

“Started in 2015, this enterprise has grown to be one of Africa’s biggest fish farms, producing more than 50 tonnes of tilapia a day, creating more than 5,000 jobs for ordinary people,” he said.

President Ruto also commissioned the construction and rehabilitation of the Homa Bay Pier.

He noted that this was part of the government’s programme of rehabilitating feeder ports along Lake Victoria to offer for both traders and citizens cost-effective transport alternative.

“Reduced cost of transport will result in reduced cost of commodities and hence cost of living,” he said.

The President said the Government is constructing 2,000 houses in the first phase and another 5,000 in Homa Bay.

“We want to grow opportunities for the people and ensure they have jobs,” he added.

Homa Bay Governor Gladys Wanga said the Homa Pier will spur economic growth in the region.

Present were ICT Cabinet Secretary Eliud Owalo, Roads and Transport Cabinet Secretary Kipchumba Murkomen, his Mining counterpart Salim Mvurya, Majority Leader Kimani Ichungwa, Caroli Omondi (Suba South), Elisha Odhiambo (Gem), Mark Nyamita (Uriri), Dr Gideon Ochanda (Bondo), John Makali (Kandui), Marwa Kitayama (Kuria East), Paul Obuor (Rongo), Titus Khamala (Lurambi) David Ochieng’ (Ugenya), Tom Ojienda (Kisumu), John Kiarie (Dagoretti South), and Eric Muchangi (Runyenjes).

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

Distributed by APO Group on behalf of President of the Republic of Kenya.



Source link

  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Emirates Steel drops interest in Thyssenkrupp steel unit

Emirates Steel drops interest in Thyssenkrupp steel unit

July 27, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

April 18, 2025
Mortgage Rate Fatigue? Here’s How to Get Off the Seesaw of Wondering When to Buy

Mortgage Rate Fatigue? Here’s How to Get Off the Seesaw of Wondering When to Buy

April 18, 2025
TransPacific Cargo Trade Decimated by Trump’s Tariff War

TransPacific Cargo Trade Decimated by Trump’s Tariff War

April 18, 2025
GITEX Nigeria 2025: Government Support Fuels New Tech Era

GITEX Nigeria 2025: Government Support Fuels New Tech Era

April 17, 2025

Recent News

Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

April 18, 2025
Mortgage Rate Fatigue? Here’s How to Get Off the Seesaw of Wondering When to Buy

Mortgage Rate Fatigue? Here’s How to Get Off the Seesaw of Wondering When to Buy

April 18, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In