The Vision 2030 Delivery Board (VDB) has welcomed efforts by the three arms of government to curb corruption and foster a local private sector investment appetite.
According to the Vision 2030 Delivery Board Chairman, James Mwangi, making the cost of corruption high will shape the Medium Term Plan III (MTP III) execution and private sector involvement in the next 12 years of Vision 2030 execution.
“We applaud all the 3 arms of Government: the Executive, the Judiciary and Legislature for putting greater focus on governance issues, holding people to account and thus making the cost of corruption high. This will help lay a solid foundation to evolve a national value system that over time should help the country overcome vices of plunder and diversion of public resources for private use at the expense of national development,” said Dr Mwangi.
The right environment, he said, will complement Kenya’s private sector-driven gains in the last 15 years since commencement of the national economic recovery plans.
In that period, private sector-driven investments have contributed to an economic growth increase of eighty three percent with Kenya’s GDP growing from Ksh.1.3 trillion in 2002 to Ksh 7.9 trillion in 2017 and the GDP per capita from Ksh 166,000 from Ksh 27,000.
He was speaking during an annual Vision 2030 private sector analysis, convened to take stock of project implementation progress and opportunities and unlock implementation bottlenecks impeding the private sector involvement.
According to the Dr Mwangi, good governance and public-private sector-driven involvement in Vision 2030 will help achieve the desired goals ahead of 2030 timeline but will require a fundamental shift from business to business unusual.
“One of the key mandates of the Vision 2030 Delivery Board to make the national vision a people-driven, people centered strategy has been to accelerate Kenya private sector engagement. We have created the necessary environment and estimate to reach the Vision 2030 goals ahead of schedule,” said Dr Mwangi.
In the same forum, Vision 2030 unveiled a publication documenting quantitative measures of progress on the implementation of projects and their impact to the country and transformation of Kenyan lives.
Kenya this June marked the tenth anniversary of implementing Vision 2030, which has been hailed as a model of long-term economic planning that has stabiliSed the economy and created a stable foundation for economic takeoff.
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The anniversary is set to be commemorated through a one-year countrywide public education campaign dubbed ‘Naona Mapya, Na Bado’ rallying Kenyans towards taking advantage of the opportunities to enhance individual and national competitiveness.
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