How government plans to improve Kenya's economy

The Kenya Kwanza government has put in place a structure that will enable Kenya to become an industrial and economic hub as it angles for Vision 2030.

Speaking at Nairobi’s State House on Thursday where he presided over the launch of the Fourth Medium Term Plan (MTP IV), President William Ruto said that he remains committed to five key sectors of the Kenyan economy.

“Our vision is grounded on economic, social, and political pillars, fortified by key enablers identified to propel us toward our collective aspirations. These include; Health care, Agriculture, housing, and the Micro, Small, and Medium Enterprises.”

Tourism

In a bid to boost tourism, Ruto announced plans to revamp the Kenyatta International Conference Centre (KICC) to have it generate more revenue than it currently is, and convert the Bomas of Kenya into a modern conference, hotel, and exhibition facility.

Security

The government also plans to recruit more police officers, prison and National Government Administration Officers (NGAO), as it aims at supporting the justice, law and order sector.

“Additionally, we will modernize the Kenya Coast Guard and improve the welfare of security personnel,” Ruto said.

Business and Trade

For Kenya to attract more investors, the government says it will strengthen collaboration with the private sector, and other non-state actors, though the president did not immediately establish how they plan on achieving this.

He added: “Kenya's development is intricately linked to the global economy, and we are therefore actively working to strengthen regional integration and international collaboration to facilitate the smooth movement of goods and services and deepen Kenya's foreign relations.”

The Fourth Medium Term Plan (MTP IV) covers the last five-year term of the Vision 2030 plan (2023-2027) that was launched in 2008.