Former Deputy Prime Minister Musalia Mudavadi has told President Uhuru Kenyatta to stop wastage of public funds by going around the globe looking for investors. Accusing the President of unnecessary populism, Mudavadi warned that ‘fantasy photo-shopped’ and ‘grandiose’ posturing will not spur economic growth.
“They (populist projects) come in two forms; fantasy photo-shopped ones and the simply incredulous. For instance, I would not waste money trotting the globe looking for investors. Investors are attracted by basic economic magnets. You don’t even have to be grandiose,” said Mudavadi.
“Draw up realistic medium, short and long-term integrated development plans as required by law. Then pump resources into improving access to human development â€“ health of country residence, the transport infrastructure, access to clean water, middle-level human resource training, access to affordable agricultural inputs, liberalise the trade regime â€“ and investors will troop in, to set up shop, increase your revenue base and fix unemployment. There is no magic required,” Â added the Amani Coalition leader.
President Uhuru recently left for Turkey in pursuit of investors.