President Uhuru Kenyatta has admitted that several companies have been closing down in the country because of various reasons.
In an interview with the Standard, Uhuru, who is completing his second and final term in power, said that his government has put in place different measures to ensure the companies do not close down.
The president said that the closure of the firms is a big blow to the nation as millions of youths are jobless and they look up to these companies for jobs.
He also noted that he has listened to the plight of the firms and embarked helping them lower their cost of production.
Uhuru highlighted the lowering of the cost of electricity as one of the measures to ensure they do not fail.
“We have listened and are focused on increasing the power-generation capacity through the provision of affordable and clean power. For instance, we have moved connectivity to the grid from 32 per cent to 77 per cent in seven years. It is as a result of investments that we have made in those areas,” he said in part, as quoted by Standard.
The Head of State who has warned his team against politicking before 2022, also said that he is ready to fight corruption noting that the war against graft encourages investors into the country.