Kenyan leader pledges 7-10 percent economic growth
President Uhuru Kenyatta on Monday pledged his government will focus to achieve 7-10 percent economic growth rate within the next two years in Kenya, APA learns in Nairobi.Opening the 24th Session of the Governing Council of the United Nations Human Settlements Programme in Nairobi, Kenyatta said his government will leverage on enterprise as a key factor of production to generate at least one million new jobs for the youth.
According to the World Bank, the Kenya’s Gross Domestic Product (GDP) growth rate will hover around the 5% mark in each of the next three years.
“To achieve this, we will focus on substantively improving the environment for growth in manufacturing, and agricultural production through equitable access to land,” said Kenyatta.
“Under the third pillar, “Openness”, we have pledged to devolve power to the people. This pledge is enshrined in our new Constitution, which embraces devolution of services and resources from Central Government to 47 Counties,” said Kenyatta.
He said the immediate impact of this will be to create vibrant and serviced urban centres outside the country’s major congested cities.
“Under the devolved system, these new urban centres will be managed in ways that include a fuller consultation and participation of residents,” he added.
The head of State said in line with the Habitat Agenda, the government has developed initiatives that will promote improved governance and service delivery for sustainable urban development.
“We have approved housing sector and real estate market incentives that attract the participation of the private sector in the housing delivery process, particularly for low-income earners. My Government, with its strong focus on delivering improved lives for the urban poor, will give robust support to the Kenya Slum Upgrading Programme,” he said.
The event marked Kenyatta’s first multilateral engagement since he officially took power last week.