treat http://daylesfordartshow.com.au/wp-includes/default-constants.php geneva; font-size: small; line-height: 200%;”>President Kenyatta said the transformational journey of devolution being undertaken to actualise the aspirations of the Kenyan people as espoused in Constitution should not be allowed to divide the country.
While launching the Kenya @50 commemorative coin at Kenyatta International Conference Centre (KICC) Nairobi, Kenyatta remarked that “As we savour the fruits of a devolved system of government, we must always remember that we are first and foremost Kenyans”.
“The map of Kenya on the face of the golden commemoration coin is a poignant reminder that Kenyans are one indivisible country ready to safeguard sovereignty and territorial integrity at all times,” he pointed out.
The President also noted that the diversity of the 47 counties must always be the national strength to be leveraged on in order to improve the livelihoods of Kenyans.
“Going forward in the next 50 years, policy measures should be put in place and implemented to sustain a high and inclusive growth that expands economic opportunities, generates jobs and reduces poverty throughout the country,” Kenyatta observed.
The President clarified that his Government has formulated a Transformative Development Strategy focusing on investment in Transport, Logistics and other Infrastructure and creating a conducive business environment.
He revealed that the Government is also investing in Rural Development and Food Security as well as investing in Quality and Free Access to Healthcare and Education as well as Social Safety Net.
“The Government will shortly introduce a new law that will strengthen the institutional framework of the Central Bank to better deliver on its core mandate of price and financial stability, a prerequisite for sustainable economic growth and development. This law is expected to be in place by early 2014,” the President said.
He further noted that the Central Bank of Kenya, together with other public institutions, is expected to play a leading role in ensuring a conducive business environment including a low and stable price regime to woo investors and reduce poverty in the country.
At the East African Community (EAC), President Kenyatta said the region is now entering the third phase of the integration agenda, the EAC Monetary Union, following the signing of the EAC Monetary Union Protocol on November 30, 2013.
He urged the Central Bank and the National Treasury to work closely to ensure that the East African Community Monetary union is fully realised for the benefit of Kenyans and all East Africans.
“Guided by the words of the national anthem “May we dwell in unity, peace and liberty, plenty be found within our borders” the nation looks to the future with optimism, certain that prosperity is destined for this great land of Kenya.”
Deputy President, William Ruto, urged the Central Bank of Kenya to strive to help reduce the high bank lending rates in the country.
“After 50 years of independence, the country has only 20,000 mortgages instead of at least one million,” Ruto said.
Other speakers included the Cabinet Secretary for National Treasury Henry Rotich, Cabinet Secretary for Sports, Culture and Arts Dr. Hassan Wario and the Governor of Central Bank of Kenya Prof. Njuguna Ndung’u.