Wednesday, June 13, 2007

Kenya plans higher project outlays in 2007/08

(Reuters) - Kenya plans to increase spending on development projects in the 2007/08 fiscal year to cut poverty and spur growth, the government said in a budget strategy paper seen by Reuters on Wednesday.

Economic growth has ticked up in the east African nation over the past four years but poverty remains high and analysts say President Mwai Kibaki is under pressure to deliver on development plans ahead of elections this year.


Read more at Reuters Africa

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