Kenya’s President Mwai Kibaki launched vision 2030 yesterday. The event was overshadowed by news of a plane carrying Roads minister Kipkalya Kones and assistant minister Lorna Laboso crashing near Narok yesterday killing both of them and the crew.
So what is Vision 2030 anyway? Here’s an official explanation;
Kenya Vision 2030 is the new country’s development blueprint covering the period 2008 to 2030. It aims at making Kenya a newly industrializing, “middle income country providing high quality life for all its citizens by the year 2030”.
How will this goal be achieved? The government plans to achieve this in 6 key sectors;
1. TOURISM
Summary: Tourism will be a leading sector in achieving the goals of the vision. Kenya aims to be among the 10 long haul tourist destinations in the world offering a high-end, diverse, and distinctive visitor experience that few of her competitors can offer.
2. INCREASING VALUE IN AGRICULTURE
Summary: Kenya will raise incomes in agriculture, livestock and fisheries by processing and thereby adding value to her products before they reach the market. She will do so in a manner that enables producers to compete with the best in other parts of the world.
3. A BETTER AND MORE INCLUSIVE WHOLESALE AND RETAIL TRADE SECTOR
Summary: The 2030 vision for wholesale and retail trade is to move towards greater efficiency in the country’s marketing system. It will raise the market share of products sold through formal channels (e.g. supermarkets) from the current 5% to 30% by 2012.
4. MANUFACTURING FOR THE REGIONAL MARKET
Summary: Kenya aims to become the provider of choice for basic manufactured goods in eastern and central Africa. This will be done through improved competitiveness in manufacturing in order to promote efficiencies, to be done in partnership with the Government.
5. BUSINESS PROCESS OFF SHORING (BPO)
Summary: This is a new but promising sector to Kenya and especially to its young people. It involves providing business services via the internet to companies and organizations in the developed world, e.g. Britain, USA, Canada, etc. The 2030 vision for business process outsourcing is for Kenya to quickly become one of the top three BPO destinations in Africa.
6. FINANCIAL SERVICES
Summary: The 2030 vision for financial services is to have a vibrant and globally competitive financial sector driving high-levels of savings and financing Kenya’s investment needs. As part of its macro-economic goals, savings and investment rates will rise from 17% to 30% of GDP. This will be achieved through measures that include increasing of bank deposits from 44% to 80% of GDP and reducing the cost of borrowed capital, i.e. interest rates.
For more information, please visit these sites;
Ministry of State for Planning, National Development and Vision 2030
Filed under: NEWS HEADLINES | Tagged: 2030, action items, blueprint, council, development, economic, kenya, ministry, national, planning, social, state, summary, vision, vision 2030, what is vision 2030
