Investment among counties under the Lake Region Economic Bloc
(LREB) is set to advance after they incorporated their trade and
investment strategies in the Big Four Development Agenda to drive
economic growth in the region.
The
counties want to maximise on the shared resources to attract local and
international entrepreneurs to increase investment opportunities in the
region.
“We are collaborating with national government
agencies, the private sector and development partners to maximise on
shared resources,” said Mr Wycliffe Oparanya, the LREB chairman.
The
14 governors under the bloc are to hold the Trade, Investment and
Economic Development conference in Bomet County next month to fast-track
the process.
Members of the economic bloc include
Bomet, Bungoma, Busia, Homa Bay, Kakamega, Kericho, Kisii, Kisumu,
Migori, Nandi, Nyamira, Siaya, Trans Nzoia and Vihiga counties.
Nandi
County has already incorporated its County Integrated Development Plan
in the Big Four agenda and allocated additional resources to healthcare,
manufacturing, food security and housing to propel socio-economic
development.
“We have aligned our budget to the Big
Four Agenda whose key pillars were part of my campaign manifesto and
plan and mobilised resources to implement the plans,” said Nanid
Governor Stephen Sang.
The strategy was launched on Monday by Deputy President William Ruto at Kapsabet showground.
The national government has allocated Sh800 million to expand Kapsabet Referral Hospital and buy new machines.
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