• Short Summary

    Kenya is to spend 72 million Sterling (172 million US dollars) on capital development projects in its 1973-74 budget.

  • Description

    Kenya is to spend 72 million Sterling (172 million US dollars) on capital development projects in its 1973-74 budget. The new budget was presented in the National Assembly on Thursday (14 June) by Finance and Economic Planing Minister Mwai Kibaki.

    As in previous years, roads will take the biggest alice -- 19 million sterling (45 million U.S. dollars) -- of the new budget, which comes into effect on 1 July. Agriculture and animal husbandry is next highest on the list, being allocated 8 million Sterling (19 million U.S. dollars).

    In his annual economic survey, released on 7 June, Mr. Kibaki said that at a time when many African countries faced mounting difficulties Kenya's economy continued buoyant.

    He described 1972 as a boom year for Kenyan agriculture, with the gross domestic product for the country rising 12.3 per cent. Mr. Kibaki said he expected 1973 to be an equally good year, with world prices for the main Kenyan exports of coffee, sisal, tea and pyrethrum remaining high.

    The economic survey revealed that the Kenyan economy was growing at an annual rate of seven per cent.

  • Tags

  • Data

    Film ID:
    VLVAF15HZI4QFXCI7OG0LQ4ZFJDFU
    Media URN:
    VLVAF15HZI4QFXCI7OG0LQ4ZFJDFU
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    15/06/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:33:00
    Time in/Out:
    /
    Canister:
    N/A

Comments (0)

We always welcome comments and more information about our films.
All posts are reactively checked. Libellous and abusive comments are forbidden.

Add your comment