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    Bank of Ghana widens its scope on cryptocurrency

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    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

    Ghana Mines Workers’ Union threatens industrial action

    Farmerline begins ‘Support a Farmer’ initiative to provide fertilizer to farmers

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    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

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    Vodafone agrees sell stake in Ghana’s business to Telecel

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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

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Kenya: Bill Passed By Senate Expected to Create Jobs

bycitibusinessnews
March 16, 2016
in Africa, East Africa
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Thousands of jobs are expected be created in counties if a Bill passed by the Senate is enacted.

The County Industrial Development Bill is seeking to ease the setting up of small industries to add value to products.

County governments will be at the forefront in providing financial and material support to individuals or groups interested in establishing manufacturing plants.

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The industries, some of which will be funded by donors and the private sector, will be selected in public forums held at ward, constituency and county levels.

The Bill, sponsored by Nyandarua Senator Muriuki Karue, has been adopted by the House and is headed to the National Assembly for debate.

 This is because it involves public money as it proposes the creation of a County Industrial Development Fund, which will be one per cent of money to be given to devolved units.

The fund will be managed by a national board, which will evaluate project proposals and finance them.

The projects will be funded in form of soft loans by the board.

“The industries will be decided by the people, depending on what they produce locally. Ward administrators will convene public meetings facilitated by the county government,” said Mr Karue.

–

Source: All Africa

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