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Kenya: President Kenyatta Unveils Sh53.7bn Economic Stimulus Programme

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President Uhuru Kenyatta has unveiled a massive stimulus programme to jump-start the country's economy by pumping Sh53.7 billion into various sectors.

He said the move is aimed at mitigating the effects of COVID-19 which has slowed the economy since March, rendering thousands jobless after many business were closed down.

In an address to the nation from State House on Saturday, the president said he is keen to see the revival of the tourism industry and has set aside Sh2 billion to support renovation of facilities and the restructuring of business operations in the tourism industry.

Hotels in tourism destinations across the country remain closed since March when the country confirmed its first case of coronavirus.

"And to mitigate the impact of deforestation and climate change, and to enhance the provision of water facilities, my administration will rehabilitate wells, water pans and underground tanks in the Arid and Semi-Arid areas," he said, setting aside Sh 850 million.

Source: allAfrica.com

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