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INVESTMENT, NOT AID! - 2003-09-11
The Aga Khan was visiting Nairobi scarcely two months after the devastation of the August 1, 1982, coup attempt. Investor confidence was at an all-time low following the unprecedented looting, destruction of property and loss of life. Yet, it had been clear Kenya was rapidly becoming unattractive to investors even before the abortive coup. Four years later, during the much-touted 'Enabling Environment Conference', the Aga Khan was even more prophetic when he warned of an imminent brain drain.
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We should choose investment, not aid - 2003-09-11
Posted February 25th, 2010 by heritageSeven months into the Narc Government, Britain's Secretary for International Development, Baroness Valerie Amos, came calling with a stern message: The Government should not make foreign aid a central component of its economic recovery programmes.Instead, Baroness Amos advised the Government to develop sound economic policies to make Kenya attractive to investors. Only through more investment would Kenya succeed in combating the widespread poverty and achieve a higher standard of economic and human development.
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