Friday, July 22, 2011

There is need to tilt the balance of trade

At the moment Kenya imports almost three quarters of the goods used in the country. The dream of playing the same field as the Asian tigers will not be realized if such move is not stopped. The reason being the little money we make from exports will be consumed to import and still not meet the demand this leaves us having to utilize donor funding and other credit measures to balance out the deficit.
It’s time we started seeing Kenyan made TV sets and radio sets. If for forty something years since independence nobody has thought of it then it’s time to take the leap of faith. It doesn’t have to be electronics only; we can start with things that are not as complex like making a bicycle or a gas cooker then rise up to more complex ones.  There are many people out here with money but have no idea how to invest their money. If a mechanism can be established where these people act as angle investors for people with the know-how of making Kenyan goods and not necessarily fresh ideas then we will be on our way of waking up from the dream.

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