Main elements of Vision 2030 in Kenya

Topics: Economics, Mwai Kibaki, Economic growth Pages: 5 (1380 words) Published: December 4, 2013
UNIVERSITY OF NAIROBI
COLLEGE OF EDUCATION AND EXTERNAL STUDIES
FACULTY OF EXTERNAL STUDIES
DEPARTMENT OF EXTRA-MURAL STUDIES
COURSE TITLE:FUNDAMENTALS OF MANAGEMENT
COURSE CODE: LDP 603
ASSIGNMENT:DISCUSS THE MAIN ELEMENTS OF KENYA VISION 2030 AND HIGHLIGHT THE FACTORS THAT ARE LIKELY TO INFLUENCE ITS IMPLEMENTATION

PRESENTED TO: PROF. H.J. KIDOMBO
DATE OF SUBMISSION: NOVEMBER, 2013
PRESENTED BY: GROUP 2 MEMBERS
Name
Chepkoech Agnes
Okayo Percila
Ringera Aron
Sumba K Gilbert
Otieno Yvonne
Muriithi P Kimaru
Njuguna Isaac
Macharia Janet
Mose Loise

Submitted in partial fulfilment for the award of Masters of Arts Degree in Project Planning and Management

TABLE OF CONTENTS

1. HISTORICAL BACKGROUND
1.1Introduction
The idea for the development of a long term vision for the country was borne after the successful implementation of the Economic and Recovery Strategy for Wealth and Employment Creation (ERS) (2003 – 2007) that saw the economic growth of the country rise from a mere 0.6% GDP in 2002 to 6.1% GDP in 2006. The Vision 2030 development process was launched by the former president H.E. President Mwai Kibaki on 30th October 2006 where a National Economic and Social Council (NESC) was formed and mandated to formulate the plan. The completed blue print was then launched on 10th June 2008 along with its first implementation plan, the Medium Term Plan 2008 – 2012. The Vision aims to transform Kenya into a newly industrializing, “middle-income country providing a high quality life to all it citizens by the year 2030”. The Vision was developed through an all-inclusive and participatory stakeholder consultative process, involving Kenyans from all parts of the country and even those in the diaspora. The vision is based on three pillars, the economic, the social and the political. The overarching vision is, “A globally competitive and prosperous nation with a high quality of life by the year 2030.” The second Medium Term Plan (2013 – 2017) was launched on 3rd October 2013 by President Uhuru Kenyatta under the theme Transforming Kenya: Pathway to Devolution, Socio-Economic Development, Equity and National Unity 1.2Foundation for Kenya Vision 2030

The economic, social and political pillars of Kenya Vision 2030 are anchored on reforming 10 key sectors that form the foundation of society for socio-political and economic growth. The 10 sectors are as follows; Macroeconomic stability for long term development

Continuity in governance reforms
Enhanced equity and wealth creation opportunities for the poor Infrastructure (Transport, ports, telecom etc)
Energy
Science, Technology and Innovation (STI)
Land reforms
Human Resource Development
Security
Public Service
2. VISION 2030 PILLARS
2.1Economic Pillar – moving the economy up the value chain The economic pillar aims to achieve a sustained growth rate of 10% GDP over the Vision period. This requires significant investment and development of other key supportive sectors that will increase national savings to about 30%, strengthen the informal sector that currently employs 75% of the Country workers to create more employment, raise productivity and distribution and increase owner’s incomes and public revenues. Within the MTP 2008 – 2012, six priority sectors were targeted to raise the national GDP growth rate to 10% by 2012. These sectors are Tourism, Value added agricultural production, a revamped Retail and Wholesale trade, Manufacturing, Business Process Outsourcing and Financial services. These sectors usually contribute 57% of the country’s GDP and account for approximately half of the country’s total formal employment. Under the second MTP a seventh sector on oil, gas and mineral resources has been introduced following the discovery of oil in commercial quantities in Kenya in addition to substantial deposits of core, iron ore, rare earth minerals and other minerals. 2.2Social Pillar – investing...

References: Central Bureau of Statistics, 2003: Kenya Demographic and Health Survey
Government of the Republic of Kenya 2013: Kenya Vision 2030 Second Medium Term Plan, 2013 - 2017
Government of Kenya, Ministry of Planning and National Development 2007: Kenya Vision 2030
Government of Kenya, Ministry of Planning and National Development 2003: Economic Recovery Strategy for Wealth and Employment Creation, Government Printer, Nairobi
Government of the Republic of Kenya 2008: Kenya Vision 2030 First Medium term Plan 2008 – 2012
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