• Short Summary

    The Kenyan Finance Minister, Mr. Mwai kibaki, is confident that the country's economy will continue?

  • Description

    GV EXTERIOR Government buildings housing Finance Ministry, Nairobi, kenya

    CU Kenyan Finance Minster Mwai kibaki speaking (2 shots)

    KIBAKI: "Well we use dot sell about 10 percent of our total manufactured products to Tanzania. As it is now with the border closed, we are not selling very much, we are still selling some. But we have found other markets, so the adjustment has been a little bit painful, but we've made it.

    DICKSON: "Is kenya threatened, its long-term economic performance threatened, but he uncertainty of its relationships not only with Tanzania, but with other countries around it which seem to be taking a different sort of apathy with respect to their politics and economics?"

    KIBAKI: "Well, not exactly threatened, but is does affect us in threat we shall have to divert a very significant proportion of our raourcws towards expenditures for defence, and that, this means we would not be spending as much as away would like to do on other economic services. Now that is a very unfortunate positif, but then that is the reality of the world in which we now live in."

    Initials BB/1850


    Script is copyright Reuters Limited. All rights reserved

    Background: The Kenyan Finance Minister, Mr. Mwai kibaki, is confident that the country's economy will continue to grow despite the effective collapse of the East African community of Kenya, Uganda Tanzania. Mr. Kibaki said Tanzania's closure of the border with Kenya had affected some exports, but other markets had been found. On Tuesday (14 June) he spoke to Visnews reporter, Don Dickson, at the Finance Ministry in Nairobi.

    SYNOPSIS: He was asked how important the border course in February had been to kenya.

    Last week (9 June) Mr. Kibaki said that kenya was making major readjustments to counter the effective collapse of the East African community. He had ben referring to the break up of corporations operated by the ailing economic and customs union which links kenya, Tanzania and Uganda. A new airline, Kenya Airways, was established after the collapse of the acomjmuiity's East African Airways in February, and event which precipitated the border closure.

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    Reuters - Source to be Verified
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