Economy

Govt to create over 200,000 jobs to achieve 10% of country’s GDP

The Kenyan government plans to create over 200,000 jobs under Information Technology (IT) enabled services in the vision 2030’s fourth Medium-term development plan.

Principal Secretary for Broadcasting and Telecommunications Esther Koimett said the plan that starts in 2023 to 2027 also aims at achieving a 10 percent Gross Domestic Product (GDP) growth rate by the year 2030.

According to Koimett, the state reviewing public policy guidelines to ensure that the right business environment prevails in the country to help facilitate targeted economic growth.

She said the policy review was targeting  three major areas including ICT-led industries, capacity development and innovation in economic and social systems

The PS made the remarks in a speech read on her behalf by Director of planning in the ICT ministry Joseph Wambua during the official opening of a five-day workshop on the preparation of the Business Process Outsourcing sector plan for the fourth medium-term plan held in Nakuru city.

Koimett said challenges of COVID pandemic impeded the full realization of micro-economic and sectoral targets of the plan and said the fourth medium plan should prioritize the implementation of economic recovery strategies to re-position the economy on a steady and sustainable growth trajectory.

Recovery strategies will help revitalize economic performance in all sectors which will in turn foster growth, employment creation and poverty eradication.

Preparation for the fourth medium-term plan will be guided by Kenya vision 2030 and lessons learnt in the implementation of the first three medium-term plans.

Stakeholders have been urged to ensure the fourth term plan is aligned with the constitution and also incorporate the priorities outlined in the manifesto of the political party forming the government after the August polls.

The fourth medium-Term Plan is being prepared through a wide consultative process aimed at ensuring inclusiveness and consensus building in the identification of policies, programmes and projects for implementation over the medium-term period in line with the constitution.

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