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Wednesday, March 15, 2023 –Government of Kenya has rushed to the neighbouring Tanzania to seek financial support.
In her Citizen Tv interview of Tuesday, March 14, Kenya National Trading Corporation KNTC Managing Director, Pamela Mutua, noted that Kenya was in talks with Tanzanian authorities seeking for aides to curb the rising cost of living.
“We are sourcing duty-free commodities from African countries to curb high prices resulting in a raised cost of living.
“We are looking to import 80,000 metric tonnes of beans, which is coming from Tanzania and Ethiopia,” Mutua stated.
This development has confirmed what President Samia Suluhu recently said about her country being the current pillar of economy in East Africa.
President Suluhu asked Tanzanians to appreciate the state of their economy which was better than all the neighbouring countries.
“Let no one lie to you (Tanzanians).
“We are at a better place compared to our neighbours. Their dollar reserves cannot sustain a week, our reserves can push us for four months. They are here begging us for guarantees so that they can buy fuel,” she stated.
Government of Kenya is also busy working all round the clock to outsource basic commodities outside the continent so that to help run the country.
“We have already started importing some rice from India as it takes a shorter time to come through,” Ms Mutua revealed.
She also assured the nation that affordable cooking oil and fat would start arriving in Kenya in April 2023.
At some point when asked about new strategies the government had crafted to stabilise maize prices after Deputy President Rigathi Gachagua claimed this was a global crisis, Mutua said President William Ruto’s government is currently working with other countries to make sure nothing goes wrong.
