Kenya Economic Report Validation Workshop
KIPPRA is in the process of preparing its annual statutory publication, the Kenya Economic Report (KER) and one of the key steps is stakeholder engagement through consultative and validation workshops.
In this regard, KIPPRA held a validation workshop for the KER 2019 on 15th March 2019 where stakeholders from about 25 government and private sector institutions participated. The theme of this year’s report is resource mobilization for sustainable development. The detailed presentations and discussions were, therefore, focused on mobilizing financial, migration and remittances, extractives and agricultural, land, innovations and technology, and human capital resources to promote Kenya’s sustainable development. The presentations also included an analysis of economic performance, prospects and mobilization of fiscal resources.
The sector-based presentations were punctuated by plenary sessions where participants gave opinions and suggestions on how to improve the document. Among the comments made included the need to streamline pension structures in Kenya to secure the financial future of retirees. It was also suggested that the report should give clear recommendations on how Kenya can industrialize to accelerate economic growth.
Mobilization of land resources elicited a lot of debate with participants agreeing that uncontrolled change of land use, land grabbing, irregular allocation, subdivision and unrealistic prices were the main hindrances to reaping the full potential of land resources in Kenya. It was, however, noted that the Land Value Index Laws (Amendment) Bill, 2018 would address some of these challenges.
It was also suggested that there is need to be strategic to encourage Kenyans abroad to invest at home and to increase diaspora remittances.
Many other comments were captured by the KER committee members, who thanked the participants, saying the input would be useful in enriching the report.