President Kenyatta lauds investments in the country

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President Uhuru Kenyatta during the State of the Nation address at State House
President Uhuru Kenyatta during the State of the Nation address at State House

President Uhuru Kenyatta has lauded the move by EABL to set up a modern state of the art brewery in Kisumu, while at the same time noting the investments that are boosting the country’s economy. In a State of the Nation address at Statehouse, Nairobi, he said the Kshs 15 billion EABL investment is set to create 110,000 jobs.

The President said the project is aligned with Jubilee’s agenda for Kenyans, adding that a thriving private sector is vital, “If our private sector does well, that development means our businesses can invest in new parts of the country and that they can bring jobs,” he said.

The President also highlighted that it’s vital to have a thriving youth sector for development to be achieved, “We know we cannot have inclusive prosperity unless our sons and daughters across the country have good jobs,” he said.

He outlined various development milestones achieved in the country including the Kshs 5 billion Keroche Breweries plant in Naivasha and the Leather City under construction in Machakos which is set to create 50,000 jobs. He added that at the moment, Eldoret has Kenya’s first ever private Special Economic Zone with over Kshs 200 billion in foreign direct investment.

President Kenyatta also urged farmers to move from subsistence agriculture to agribusiness to earn a living. “If we do this right, we will see a significant multiplier effect, creating employment, raising rural incomes, increasing food security, boosting exports, and growing the economy,” he said.