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Former President Mwai Kibaki launched Vision 2030 to transform Kenya into a middle-income economy.[File, Standard]
As the debate to chart a new development blueprint beyond Vision 2030 gathers pace, the country’s flagship economic plan is facing renewed scrutiny after falling well short of its central promise of delivering sustained double-digit economic growth.
An analysis of the blueprint’s key economic indicators shows that nearly two decades after its launch, Kenya has never achieved the targeted 10 per cent annual growth rate that was expected to transform it into a globally competitive, middle-income economy by 2030.
Instead, sluggish expansion in the agriculture and manufacturing sectors—the two pillars expected to drive that transformation—has consistently held back the economy.
