KIPPRA launched the Kenya Economic Report 2023 on 28th September 2023 in Nairobi. The launch ceremony was officiated by Cabinet Secretary, The National Treasury and Economic Planning, Prof. Njuguna Ndung’u and attended by KIPPRA Board Chair Prof Benson Ateng’, KIPPRA Board Directors, and representatives from public and private sectors.
The Kenya Economic Report 2023 is the 15th edition in the series of the flagship Report, first published in 2009 and is prepared annually pursuant to Section 23(3) of the KIPPRA Act No. 15 of 2006. The Report provides policy recommendations to strengthen measures to address the cost of living, including: adopting timely and adequate monetary policy interventions; scaling up investment to boost agricultural production and expanding agro-processing to smoothen food supply.
Speaking at the launch, CS, The National Treasury and Economic Planning, Prof. Njuguna Ndung’u noted that the launch of the Kenya Economic Report 2023 is timely as policymakers are seeking for evidence-informed policy options to guide in making policy decisions to lower the cost of living for Kenyans. The CS further underscored the role of markets in economic transformation noting that markets are at the core of the economic transformation agenda, as they provide a platform for investment, and ignite production and productivity.
KIPPRA Executive Director Dr Rose Ngugi on her part noted that the report offers key policy recommendations for policy makers to consider in addressing the cost of living. Dr Ngugi stated that exploiting the opportunities brought out in the policy recommendations is pivotal in strengthening market systems for a stronger and resilient economy.