10/06/2007

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So much for kibakis 6% horn tooting


From: George obare

So much fo our 6.3% economic growth! Here is an excerpt from reuters on Africa's economic growth. Kenya is not even mentioned. We are not in the top eight. please note the seven countries mentioned in the report are not led by an economist. WHAT KENYA NEEDS IS LEADERSHIP. KIBAKI JUST DOESNT HAVE IT.

"The projection of 5.8 percent GDP growth would mark the fourth straight increase following expansion of 5.2 percent in 2004, 5.3 percent in 2005 and 5.6 percent in 2006.

But only eight African countries surpassed 7 percent growth in 2006, the level at which U.N. experts say poverty begins to be reduced. They were Angola, Mauritania, Sudan, Ethiopia, Liberia, Libya, Mozambique and the Republic of Congo.

Five African countries experienced virtually no growth or a contraction: Ivory Coast, Comoros and Swaziland all grew 1.2 percent, Seychelles 1 percent and Zimbabwe's GDP shrank 4.4 percent in 2006, the report said.

New and more flexible growth policies are required, and economic reform must include combating corruption, Otobo said"

read the full article at

http://africa.reuters.com/top/news/usnBAN347662.html



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