Kenya Economic Report 2018 Validation Workshop

Kenya Economic Report 2018 Validation Workshop

The KIPPRA Act 2006 mandates the institute to produce an annual report of Kenya’s economy, which includes an analysis of the medium-term prospects. In preparing the report, KIPPRA consults with relevant stakeholders such as the Central Bank of Kenya, Kenya National Bureau of Statistics (KNBS) and the Ministry of Planning as well as other government and private sector institutions. The process also involves validating the report findings.

It is, therefore, in this regard that KIPPRA organized a validation workshop on 23rd March 2018 to get views and comments from stakeholders. The workshop entailed summary presentations of the report, which were categorized into the following themes: Kenya’s economy and the medium-term prospects; manufacturing and human capital development; trade and tourism; agriculture and infrastructure and the creation of a favourable environment to promote investments.

KIPPRA Executive Director Dr Rose Ngugi said the validation process was important to fill any gaps, ensure the report has the facts right and to sharpen the findings.

KIPPRA Board Director Dr Phoebe Josiah urged KIPPRA to simplify the data to ensure understanding of the report by all Kenyans.

Representing the Principal Secretary in the Ministry of Planning was Chief Economist Mr Jamshed Ali thanked congratulated KIPPRA for putting together the report, which is said would be useful in implementing the Government’s Big Four Agenda as well as the Vision 2030.

Among the comments raised by stakeholders include the need to ensure the report analyses current data, such as the recently launched KNBS Kenya integrated household budget survey. Others urged KIPPRA to highlight various investments in the counties and identity new markets for Kenya’s exports.  Another participant asked KIPPRA to clearly provide recommendations to address the disparity between tourist numbers and revenue, especially compared to Tanzania, which receives fewer tourists but generates more revenue. KIPPRA was also requested to clearly illustrate how the various sectors identified under the MTPI and MTPII have contributed to job creation and/or economic growth.

Among the organizations represented at the workshop include Central Bank of Kenya, Ministry of Environment, Office of the Controller of Budget, NEPAD Kenya, National Housing Corporation, Ministry of Foreign Affairs and International Trade, Kenya Revenue Authority, Ministry of Transport, Federation of Kenya Employers, Kenya Association of Manufacturers and Kenya Water Towers Agency.

 

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