Global cash crunch "to inevitably" affect Kenya - President Kibaki.

The Kenyan president, Mwai Kibaki, has announced the formation of committee to come up with recommendations on how to cushion the country's economy from the effects of the world's financial crisis which he says will "inevitably" affect the east African nation's economy. He said this while in central Nairobi when he presided over festivities to mark 45 years since Kenya's first leader Jomo Kenyatta, and other nationalists, were detained by the British colonial administration.

''With regard to the global financial crisis, I am aware that it will inevitably affect our economy. I have therefore constituted an economic task force comprising officials from the Ministries of …