KENYA: Peaceful election key
to economic growth- World Bank
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| The Candidates of Kenya Election seats |
The next General Election will play a key role in
determining the extent Kenya will go in achieving the projected economic growth
of five per cent, a new report shows.
According to the 2012 Kenya Economic Update Report
launched by the World Bank Wednesday, political risks to economic growth are
ranked equally to growth risks posed by shocks in the global economy such as
the persistent debt crisis in the European markets.
"The conduct of the national elections in 2013
will determine international perceptions of Kenya for the years to come and
greatly influence Kenya's medium-term economic prospects," reads the
report in part.
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| Political Rally for the Orange Democratic Movement Candidate, Raila Odinga, in 2007 |
UGANDA: Government plans budget
cut over aid freeze
The government will review this financial year’s
Budget to make adjustments in light of hundred-million dollar cuts in direct
aid by the country’s development partners. Until yesterday, some government
functionaries had been maintaining that the government would somehow manage
even without the development partners’ financial support.
The State Minister for Economic Monitoring, Mr Henry
Banyenzaki, however, told the Daily Monitor that the government would have to
check wasteful expenditure. “We need to tighten our belts, seal all loopholes
and cut our wasteful expenditure,” Mr Banyenzaki said.
RWANDA: Government Issues FDLR
Warning
The government yesterday warned the Congo-based
Democratic Forces for the Liberation of Rwanda (FDLR) that their attacks on
Rwanda are intolerable.
Speaking at a news briefing in Kigali, the Minister
of Foreign Affairs, and Government Spokesperson, Louise Mushikiwabo, said
Rwanda would respond accordingly if the militia attacks continue.
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| Some of Ammunition seized from rebels. |
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