How President Ruto Can Transform Kenya's Economy: Kenya
African Futures and Innovation analysis shows how Kenya can overcome major development hurdles by focusing on three sectors.
The Institute for Security Studies' African Futures and Innovation team recently concluded an analysis and forecast of Kenya's growth. Kenya's GDP per capita using purchasing power parity in 2019 was 52% of the average of US$6 630 for its lower-middle-income peers in Africa. This is projected to reach US$6 249 on the Current Path by 2043 when the African Union's third 10-year implementation plan of Agenda 2063 ends.
Turning the economy around and reducing poverty faster requires strategic investment in sectors delivering the most development dividends. Kenya Vision 2030 aims to transform the country into an industrialising middle-income state providing a high quality of life to all. To achieve this, the government must focus on three sectors.
But achieving this won't be easy. It will require significantly reducing corruption, improving accountability and adherence to the rule of law, and increasing government effectiveness concerning revenue collection, gender empowerment and stability.
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