Government says Vision 2030 will not be revised despite country's newly acquired middle-income status

Kenya: Kenya's economic blue print, Vision 2030, will not be reviewed despite the country's newly acquired middle-income status.

Ministry of Industrialization and Enterprise Development Secretary Julius Korir said that despite the country achieving the status after the rebasing of the Gross Domestic Product (GDP), the overall economic growth outlined in the country's long term economic blue print was far from being achieved.

"The Vision 2030 is still very relevant given that the goal real is to make sure that GDP per capital is $10,000 because as you are aware even after the rebasing it is $1, 246," said Korir in Mombasa, Wednesday.

He said that the economic plan had several stages and currently the country's middle income status was the lowest level and that "what has been achieved is the first medium term plan."

The rebasing propelled the country to the middle-income status, a fate the country's long term economic plan had envisaged will be achieved in the next 16 years as outlined in the long term economic blue print developed in 2008.

Kenya's gross domestic product hit at $53.3bn mark, up from $42.6bn, making it the continent's ninth biggest economy in figures released last month.

Korir said that the new status should act as an impetus for the realization of the bigger dream of uplifting the economic status of Kenyans.

Korir made the remarks during the official opening of the International Co-Operative Summit 2014 at the Nyali International Beach Hotel & Spa, Mombasa where he represented Industrialization Cabinet Secretary Adan Mohamed.

He challenged the country's co-operatives to pull together resources to invest in huge projects instead of over-reliance on credit services to small scale businessmen.