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Published On: Sat, May 14th, 2016

Somaliland:Uhuru says political stability in EA anchor for economic growth as he meets Dahabshiil Chairman

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Uhur and DahabshillPresident Uhuru believes political stability in East Africa will lead to fast economic growth of the region.

Speaking on the sidelines after the inauguration of President Yoweri Museveni in Kampala on Thursday, the president said the unity in the region was paramount in the economic development.

This he said as he chatted with top officials of financial institutions in the region who he shook hands with as he left the ceremony to return to Kenya.

“He told us to work towards building a great economy in the region and in Africa,” Dahabshiil Chief Executive Officer Abdulrashid Duale said.

The president met Duale alongside the Managing Director of Kenya Commercial bank in Uganda Joram Kiarie.

President Kenyatta flew into Uganda from Kigali, Rwanda, where he attended the 26th World Economic Forum (WEF).

At the World Economic Forum in Kigali, President Kenyatta spoke about the need for governments to work with the private sector to impart market-relevant skills to the youth, whom he identified as the bedrock of economic growth.

He said it was necessary to make significant investment in young people to enable them to participate effectively in economic development.

Duale says the growth of the economy of the region will vastly depend on the stability.

“When there is peace and stability, institutions like Dahabshiil, Kenya Commercial Bank, Equity Bank and many others will thrive and grow. And I think our governments are working towards that.”

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