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Sh 54Bn 8-Point Economic Stimulus Package Unveiled By President Uhuru

bettyannbrownMay 24, 2020

Kenya President Uhuru Kenyatta has unveiled a massive stimulus programme on 24th May to jump-start the country’s economy by pumping Sh53.7 billion into various sectors.He has 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.

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While addressing the nation from State House on Saturday 23rd May, 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.COVID-19 cases had reached 1,192 Saturday, with the confirmation of 31 new infections.

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A further Sh1 billion has also been set aside for flood control measures after devastating effects caused by heavy rains across the country.“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.

The government also intends to engage 5,500 community scouts under the Kenya Wildlife Service at a cost of Sh1 billion.Additionally, he said, support will be made available to approximately 160 community conservancies at a cost of Sh1 billion.There is also Sh3 billion set aside for the supply of farm inputs through e-vouchers, targeting 200,000 small scale farmers, with a further, Sh 1.5 billion allocated to the flower and horticultural producers to access international markets

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