KER 2018: Boosting Investments for Delivery of Kenya Vision 2030
The KIPPRA Act 2006 mandates institute to produce an annual report on Kenya’s economic performance and medium term economic prospects. The theme of the KER 2018 report is “Boosting Investments for Delivery of Kenya Vision 2030”. The report will provide an analysis on total investments required to deliver the desired 10 per cent economic growth for Kenya. It is worth noting that increasing investments across all sectors of the economy will enhance their respective contributions towards overall growth.
Under the economic pillar of Vision 2030, Kenya’s average GDP growth is expected to be sustained at 10 per cent annually. However, the economy grew by 5.8 per cent in 2016 while the 2017 and 2018 economic growth is projected at 5.9 per cent and 6.2 per cent respectively. For the vision 2030 growth to be realized, investments are required to increase steadily and their respective financing expected to be mainly from gross national savings.
The projections for savings and investment ratios to GDP are estimated at 18.3 per cent and 24.4 per cent of GDP in the medium term thereby resulting to a projected financing gap of 6.1 per cent.
While preparing the KER 2018, the analysis will be guided by several questions as follows. What is the status of investments? What are the opportunities and risks for investments? What are the constraints and challenges for investments? What are the financing options for investments? What are the policy implications and recommendations on investments?