LREB wants senate to back its regional bank project

From Right is Bomet Governor Joys Laboso, Kakamega Governor Wycliff Oparanya, Kisii Governor James Ongwae and Finally Vihiga Governor Dr.Wilber Ottichilo. PHOTO/BRIGHTON MAKORI

The Lake Region Economic Bloc (LREB) has appealed to the Senate through the Kisii Senator Sammy Ongeri to back its bank project to enable it fulfill its cherished dreams.

The Bloc’s CEO Abala Wanga said some Senators don’t want the creation of the LREB Bank over ulterior motive, and likened them to those who despised the creation of the African Development Bank over claims the World Bank was too superior

Abala urged 10 county Assemblies including Bomet, Bungoma, Busia, Homa Bay, Kericho, Nandi, Nyamira, Siaya, Trans Nzoia and Vihiga which have not passed the LEB Bill to expedite the process, adding that only Kakamega, Kisumu, Migori and Homa Bay Counties have passed the bill.

“The passage of the LREB Bill at County Assemblies will legalize the entity and make it possible for the 14 member states of the bloc to achieve its agendas,” he said during the LREB Dinner at Kisii Sports Club.

In response, Prof Ongeri said he will be in the forefront to push for the establishment of the LREB Bank to match ADB which has grown into the greatest economic bloc in the world closely followed by the European Bank.

“The bank has an idea of fomenting, researching, collating and synthesising critical information for critical development; so I won’t see anybody being against anything that would help to add value to what you already have value in your hands. Rest assured in senate it will have my tacit support, “he said, and urged bloc members not to duplicate projects.

Vihiga governor Dr.Wilber Ottichilo described the Bloc as most pro active basing on the on going policy establishment and planning that will drive the agenda through legal framework.

Dr.Ottichilo urged counties to speed up the policy making process so as focus is shifted towards implementation of the program.” We are on a journey that will not fail, we have already done the planning and now implementation our focus this year”said Vihiga county boss.

His counter part James Ongwae Kisii governor said synegizing and mobilization of resources within member counties will uplift development agenda for better lively hoods.

Governor Ongwae added that if a dream to establish a fincial institution turns it will uplift businesses among the approximated 14million people living within the region.


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