Kenya to Invest in ICT as part of Vision 2030
East African Standard
By Tom Mogusu
The Government wants to use the manufacturing and ICT sectors to attract new investment and create new jobs.
Under Vision 2030, the Government says that it will invest in training, research and development and a host of other incentives, as part of efforts to create a firm foundation for the two sectors.
It is expected that these investments will trigger the introduction of an additional Sh30 billion to the Gross Domestic Product by way of producing consumer goods that can compete with imports.
The additional income should also come from an increase in market by Kenyan products within the region from a low of seven to 15 per cent.
“Kenya also intends to attract at least 10 large strategic investors in key agro-processing industries, targeting local and international markets,” the plan says.
The specific strategies will involve restructuring key local industries that use local raw materials but lack a competitive edge such as sugar and papers manufacturing that are currently faced with competition from cheap and highly subsidised imports.
Kenya also aims to strategically increase the levels of value addition in niche exports by additional processing of local agriculture products.
The flagship projects for 2008-2012 include; Development of a strategy to develop two special ‘economic clusters’ and the creation of at least five small and medium enterprise industrial parks.
Posted: June 11th, 2008 under Business News.
Comments: 10
Comments
Comment from Job Maroko
Time: November 3, 2008, 7:20 am
I’m optimistic about the plan to make Kenya the I.C.T Hub of Africa
Comment from NDAI JAMES
Time: September 21, 2010, 12:45 am
I’m extremely happy about Kenya’s vision 2030 strategy. I think this will be an economic milestone to seeing a new industrialised Kenya.
Comment from george muriithi
Time: September 22, 2010, 5:31 am
i believe ict is the key driver to tha vision 2030
Comment from mkwambai
Time: October 29, 2010, 3:57 am
kenya inaweza
Comment from arangi
Time: May 27, 2011, 5:57 am
i can see mwangaza at da end of tunnel
Comment from Mercy kiyeng
Time: February 9, 2012, 7:27 am
Kenya has full potential to archive this vision.
Comment from vivian cherotich
Time: February 18, 2012, 8:31 am
Good idea hope everyone involved will apreciate that ict is akey factor in achieving vision 2030.success kenya
Comment from CHARLES MWANGI
Time: February 28, 2012, 1:10 am
Very promising strategies.But the biggest question in every ordinary Kenyan’s mind at this moment is,”with the type of leaders we have,who are always led by greed and the spirit of ethnicity to an extent of even infecting their subjects,will all the above ever come true?And if it will ever happen,how long will it take?2,030 years maybe!”It’s the high time everone started taking himself as a member of a family called KENYA!!!!!!
Comment from Kigen Vincent
Time: March 11, 2012, 1:05 am
Politicians will not take this country anywhere, the strategies will remain on black and white untill we elect leaders.
Comment from boniface
Time: March 11, 2012, 3:37 am
ict is all what is needed to achieve the vision 2030.
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