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US visit to turn around economy, stakeholders say

US visit to turn around economy, stakeholders say
Former Institute of Certified Public Accountants of Kenya (ICPAK) National Chairman George Mokua. PHOTO/Print
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Economists predict that President William Ruto’s recent visit to the United States and the positive pledges from the host government have the potential to uplift and turn around the country’s development fortunes.

Key players in the country’s economy say that securing funding for the Nairobi Mombasa Expressway and toll system was a master-stroke and a likely game changer in the country’s future.

Former Institute of Certified Public Accountants of Kenya (ICPAK) National Chairman George Mokua (pictured) emphasised the immediate impact of this City-to-City expressway in attracting investors and catalysing economic transformation.

Road network

“This discussion has been ongoing for quite some time, and we are delighted that the president secured funding for this crucial road connecting Nairobi and Mombasa. A robust road network invariably attracts investors, leading to significant investments along the corridor from Mombasa to Nairobi,” Mokua stated.

Mokua also highlighted that the successful completion of the road will significantly reduce travel time between the two cities, resulting in direct and indirect savings, including fuel costs and quicker delivery of goods from the Port of Mombasa to various destinations.

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