Today's Headlines
- Two Exhibitions Are On At Ramoma, Nairobi
- Country to Review Tourism Law
- Econet Wireless Finally Rolls Out
- Odinga Warns of Civil Unrest
- Mulee Rules Out Harambee Stars U-Turn
- Taking Up a Women's Agenda
- More Than 6,000 Christian Youth Converge for Prayers
- Catholic Church Outraged By MPs' Refusal to Pay Tax
- Pope Benedict Praying for Release of Abducted Nuns
- Thousands Flee Amid Fears of Border Clashes
- Malaria Rates Plummet Among Children
- Winning Against HIV Stigma Behind Bars
- First Congress of Federation of African Journalists a Historic Milestone, Says IFJ
- Archbishop Lele Urges State to Act as Food Crisis Bites
- Regional Workshop Focus Border Management, Irregular Migration
- Silverbird Acquires Kenya's Nu Metro, Starts Operations in Ghana
- Raila is Evil, Says Minister
- Man Charged With Abduction of Two Catholic Sisters
- UN Censures State On Torture
- Agencies Seek $390 Million to Offset Climate And Food Risks
- UN-Backed Scheme Gives 3,000 Prisoners Clean Water and Sanitation
- Samosa Festival is On in Nairobi
- Heartstrings in Another Comedy
- Govts, Investors Engage RVR in Rail Bid
- Mwangi Replaces Mwebesa At NSE
- Riepa Hosts Business Association
- ICTR Petitions UN for Arrest of Kabuga
- UBA to Invest SH360 Billion in Kenya
- Free Movement of People Too, Not Just Goods and Capital
- Judges Running Out of Money?
The Nation (Nairobi)
October 7, 2008
Editorial Article
The inauguration of the second economic advisory council by President Kibaki on Monday marked an important chapter in the quest to lift the country from regression.
Coming at a time when the economy is recovering from a slump occasioned by political turmoil, the National Economic and Social Council has a tough job ahead.
For a start, it must seek ways to stabilise the economy. Secondly, it has to advise on ways of handling social, structural and political issues that impact on national development.
According to the latest Kenya National Bureau of Statistics, the economy is currently growing at 3.2 per cent, a rise from the negative figures recorded at the beginning of the year.
But that is less than half of what was achieved last year.
For Kenya to achieve an industrial nation status, it must achieve at least a 10 per cent annual growth rate for 10 years.
Realising that target goes beyond economics, for political stability and social harmony are equally important .
It is also not possible to realise economic advancement without good infrastructure. Good roads, reliable and affordable power, telecommunications and water are vital for the purpose.
Fortunately, the economic council is an amalgam of business, political and academic heavyweights, the right mix to guide the country to these heights.
It is expected that the council will provide homegrown, realistic ideas to catapult the nation to the next level.


