Deputy President William Ruto has called for increased investments in infrastructure and energy development for global competitiveness in Africa.
Ruto said Africa needed more investment, collaboration and transfer of knowledge than it needed loans.
He said it is through increased investments in railways, roads and energy that the Africa could develop.
“For us to get that Africa rising, we need to invest in infrastructure,” said DP Ruto as quoted by the DPPS.
Ruto said infrastructural development would ease movement of people and goods, create employment and attract businesses.
“With the completion of the Standard Gauge Railway, we shall reduce the cost of transport in East Africa,” he added.
He noted that with good infrastructure the private sector will not only do business but also contribute to the growth of the economy urging policy makers to democratise economies and make sure there is security.
The DP spoke when he opened the Japan-Africa Business Forum at the KICC, Nairobi on Friday during the first day of the sixth Tokyo International Conference on Africa Development (TICAD VI).