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Showing posts with the label #KenyaDevelopment

VISION 2030: ARE WE ON TRACK?

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By Franklin Mrata, Student | KCA University On 10th June 2008, Vision 2030 was unveiled by then-President Mwai Kibaki. Built on the success of the Economic Recovery Strategy for Wealth and Employment Creation (2003–2007), it aimed to accelerate growth, reduce poverty, and transform Kenya into an industrialized, middle-income country by the year 2030. With only five years left on the clock, it’s time to assess how far we’ve come, what lies ahead, and what we should be looking forward to. Vision 2030 is anchored on three key pillars: the Economic Pillar, the Social Pillar, and the Political Pillar. Having gone through a rollercoaster of achievements and setbacks, the Vision is fast approaching its final hour. So, where do we stand? The Wins Let’s begin with the wins. The completion of the Standard Gauge Railway (SGR) in 2017 marked a major milestone. As a flagship project of Vision 2030, its implementation provided a sense of hope that the Vision was on course. Other notable achiev...

Foreign Aid and the Challenges in Kenya

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Development Analysis by Hakeem Ochola Student | KCA Uni. Globally, foreign aid is one of the largest components of foreign capital flows to low-income countries. Over the past four decades, sub-Saharan African countries, including Kenya, have received foreign aid to alleviate poverty and address underdevelopment. In 2020, global foreign aid amounted to $194.1 billion, of which Kenya received over $3 billion. However, over the past decade, there has been a radical critique of foreign aid. This has been driven by the perception that it has not produced the expected results. This perception is based on two premises. First, that foreign aid can only increase growth in a good policy environment. As such, foreign aid can be a double-edged sword. If the economic and policy environment is appropriate, it can support economic and social progress (Lancaster, 1999). If not, it may have no positive effect—or worse—delay development due to potential negative economic and political impacts. Types of...