NAIROBI, Kenya May 19 – Kenya Vision 2030 Delivery Board and United Nations Conference on Trade and Development (UNCTAD) has unveiled a Programme that seeks to address and enhance Kenya’s economic growth.
Kenya Vision 2030 Chairman Sakwa Bunyasi explained that the National Productive Capacities Gap Assessment (NPCGA) and Holistic Programme for Fostering Productive Capacities and Structural Economic Transformation of Kenya is about building an economy that is all-inclusive, resilient, and sustainable.
It is about creating opportunities for all Kenyans to thrive and prosper.
Besides, it seeks to position Kenya as a leader in the region and the world.
“We are embarking on a momentous journey towards a more prosperous and self-sufficient country. The NPCGA provides valuable insights about the key challenges and binding constraints that exist in our productive capacities, which the UNCTAD’s holistic programme seeks to address to enhance our economic growth and development,” said Bunyasi.
UNCTAD Director, Division for Africa and Special Programmes Paul Akiwumi said that unemployment has been a constant threat in the country, coupled with widespread poverty and inequality.
“The private sector is challenged with high energy costs, gaps in core and supportive infrastructure and high interest rates on loans. This decreases companies’ margins and challenges the ability of businesses to grow, adopt new technologies and compete in regional and global markets. Micro, small and medium-sized enterprises are particularly vulnerable to these challenges,” he said.
