According to a report by the Kenyan newspaper, The Star, Kenya’s Cabinet Secretary deduced that Kenya is on its way to becoming a middle-income country. The change is projected to occur by 2030.
Kuria, on Monday during the launch of the Fourth Medium-Term Plan (MTP IV) 2023-2027 dissemination forum at the Kiambu Institute of Science and Technology, Kiambu County noted that he expects that the government’s Bottom-Up Economic Transformation Agenda to push Kenya into the upper middle-income category.
“When Vision 2030 was conceived, Kenya languished among the world’s least developed nations. Today, we proudly stand as a lower middle-income country, showcasing the tangible benefits of our dedication to implementing Vision 2030,” he stated.
According to him, as the nation moves toward MTP IV, the advancements achieved thus far through MTP 1, MTP 2, and MTP 3 are commendable.
The CS disclosed that the relevant ministries, departments, agencies, and counties would oversee the implementation of MTP IV, with an emphasis on performance evaluation and accountability.
“We must harness every idea and resource to realize our national and county-level plans. The real challenge lies in implementation. I will ensure strict accountability for this plan’s execution,” he said.
He stressed that such plans should be inherited by successive administrations, and should not be politicized, which he noted has thankfully not been the case in recent times.
“It’s regrettable that long-term plans were once associated solely with specific administrations. We must collectively embrace these plans and strive for excellence in their execution,” he emphasized.
“Vision 2030 was mooted by the Kibaki government, but successive governments, even after attempts to politicize the plan, have been faithful and shown fidelity to the Vision 2030,” he added.
On March 21, 2024, President William Ruto unveiled Kenya Vision 2030’s Medium-Term Plan IV, with the topic being “A Bottom-Up Economic Transformation Agenda for Inclusive Growth.”
Kenya Vision 2030 has set high expectations with the objective of maintaining a 10% GDP growth rate until 2030.
Source link : https://africa.businessinsider.com/local/markets/kenyas-fortune-to-change-dramatically-kenyan-cs-suggests/s02g1d4
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Publish date : 2024-06-04 08:00:56
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