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LREB WANTS SENATE TO BACK ITS BANK PROJECT

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 fulfil 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 synthesizing 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 Wilber Ottichilo said LREB was there to stay with the member states having done the policy and legal frameworks.

His Kisii counterpart James Ongwae said his county was the second county to pass the LREB Bill an urged the counties which have yet to pass the bill to do it with speed.

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