US $85m PLANT TO BOOST NATIONAL POWER SUPPLY - 2002-03-15

The Nation (Nairobi) - By Njuguna Mutonya: President Moi yesterday made a pitch to local businessmen to lead the way in investment, saying they had to show their confidence in the economy first before foreigners did so. The President, accompanied by Prince Rahim Aga Khan, was officially inaugurating the Sh6.8 billion Kipevu II power generation plant in Mombasa. He said donors and equity holders in the project had shown confidence in the government's policies. 'I do not believe that Kenya is a high risk investment area like some people try to make it,' he said. 'In fact, the policies of Kenya are good policies.'

March 15, 2002 - The Nation (Nairobi) - By Njuguna Mutonya: President Moi yesterday made a pitch to local businessmen to lead the way in investment, saying they had to show their confidence in the economy first before foreigners did so. The President, accompanied by Prince Rahim Aga Khan, was officially inaugurating the Sh6.8 billion Kipevu II power generation plant in Mombasa. He said donors and equity holders in the project had shown confidence in the government's policies. "I do not believe that Kenya is a high risk investment area like some people try to make it," he said. "In fact, the policies of Kenya are good policies."

LINK: http://ismaili.net/timeline/2002/20020315nat.html

LINK 2: http://ismaili.net/timeline/2002/20020314afp.html

PHOTO: Mr Nizar Juma, the chairman of Tsavo Power Company (second left) introduces to President Moi the firm's Chief Executive Officer Mr John Hides (right) during the official inauguration of the plant yesterday in Mombasa. Looking on (centre) is Prince Rahim Aga Khan.