24 November 2012

Kenya: Kibaki Wants Africa States to Focus On SME Growth

President Kibaki yesterday challenged Common Market for Eastern and Southern Africa (COMESA) member states to focus on infrastructure development, access to credit and industrialization in order to unleash the potential of micro, small and medium enterprises.

Speaking in Kampala when he addressed the COMESA Heads of State Summit, President Kibaki said such enterprises constitute about 90 percent of African business operations and contribute over 50 percent of employment on the African continent.

President Kibaki noted COMESA and other regional economic bodies have identified infrastructure development as the backbone of accelerating regional integration and development.

"With reference to inland transport networks, small and medium enterprises mainly use road and rail networks to move their products within and across countries," he said.

President Kibaki asked COMESA states to expand, rehabilitate and maintain road and rail networks to boost the movement of goods and people. The President further said that setting up of one-stop border posts would reduce the amount of time spent by traders and the cost of goods and services.


Copyright © 2012 The Star. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.