Candid and straight to the point. Did you witness the Kenya Kwanza Manifesto Launch? Maybe you were held up attending other duties. Don’t worry. I got you covered. As illustrated, the Kenya Kwanza alliance promises Kenyans a thriving economy. Here is how.
Kwanza Manifesto 2022 Explained
Enter the bottom-up economic model. The economic model plans to reduce the rising cost of living in Kenya. But how, you ask? Simple and clear. Let’s dive in.
- By eradicating hunger
- By creating jobs
- By expanding the tax base
- By improving Kenya’s foreign exchange balance (inclusive growth included)
Bringing down the cost of living in a country deep in debt is a no walk on the beach. It requires a well-laid-out economic plan. The bottom itself is not enough to achieve these. That’s why Kenya Kwanza listed the high-value key points, which are:
- Agriculture contributes half of our country’s GDP. Simply put, agriculture is the foundation of Kenya’s economy. The high cost of living we are witnessing right now is linked directly to agriculture.
- As of today, a packet of Unga, which used to retail at Ksh 100 a few months ago, is currently retailing at over Ksh 200. The steady rise of Kenya’s population has made the country depend too much on food imports, and this is because the agricultural sector is overwhelmed.
- In the last decade, we have been exposed to unfathomable global price shocks due to overdependence on food imports. Furthermore, two million households can’t meet their body food requirements due to extreme poverty.
- Kenya kwanza believes that money should be set out to support farmers. By doing so, farmers will have enough food and also produce a surplus for commercial purposes.
- In a nutshell, Kenya kwanza plans to create more jobs in other sectors through the agricultural industry. This is because the agricultural sector has a direct link to other sectors in our economy.
- MSMEs (Micro Small and Medium Enterprises)
- According to the Kenya Kwanza alliance, MSME contributes 85% (equivalent to 15 million workforces) of jobs in Kenya. Quite interesting because the sector absorbs 0 of 10 young Kenyans joining the workforce (That’s 750,000 on average).
- In contrast, the formal sector barely absorbs 50,000 (it’s not healthy for our economy). To achieve this kind of success in the MSMEs sector, Kenya kwanza seeks to:
- End criminalization of work by enacting a law to provide licenses and training locations for any citizen who applies. The county governments will provide premises on the streets in the ratio of 50 per urban resident. All done to increase daily income by Ksh 200 for informal traders.
- End regressive taxation by reviewing all business licenses and cap license fees at 1.5 per cent of total turnover. An administration burden law will ensure businesses don’t spend up to 4 person-hours in a single month sorting out regulatory and tax compliance.
- Access to finance – Kenya Kwanza will commit Ksh 50 billion a year. The money will ensure MSMEs get affordable financing through Venture capital, Saccos, and equity funds.
- Infrastructure and capacity building – Business Development centres centred around MSMEs will be established in every ward. In addition, Business incubation centres and industrial parks will be established in all TVET institutions. Quite phenomenal, I must say.
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- Housing and Settlement
- Housing is a fundamental right, but the majority of Kenyans live in deplorable conditions. The requirements for urban houses should be 250,000 units in a year, but we only get 50,000 units. That’s a deficit of 200,000 units.
- The total housing deficit stands at 2 million units, which is why more than 60 per cent live in slums and shacks. Kenya Kwanza plan to solve this housing puzzle by:
- Increase new housing units to 250,000 per year
- Grow home mortgages from 30,000 to 1 million.
- Strengthen the Jua Kali industry
- Offer incentives to developers so as to build affordable houses.
- Digital Superhighway And Creative Economy
- Digital superhighway will be the driving force in making achievements in Health, Agriculture, MSME, and the financial sector.
- With a financial commitment of Ksh 40 billion, Kenya kwanza plans to:
- Bolster broadband coverage in Kenya within the first 5 years.
- Boost government service delivery to its citizens through digitization of key government processes. The plan is to see government services online by 80 per cent.
- Establish the country as Africa’s regional hub while also developing software for export.
- Reduce the cost of data tariffs that have shot to the rooftops.
- Implement the environmental agreements dubbed the digital master plan.
Kenya Kwanza will closely work with stakeholders to expand creativity spaces. Further, more Accomplished artists will be bestowed the roles of Cultural ambassadors, further pushing the Kenya creative industry into the world limelight.
- Health Care
- The coronavirus has taught us as a country valuable lessons. Kenya is on the right path in terms of healthcare. However, Creativity is needed in the finances spent on healthcare which will be essential in addressing the old and emerging challenges, more so in recovering from the Covid19 pandemic.
- On the brighter side, Kenya Kwanza will work on the following 3 UHC(Universal Health Coverage) pillars:
- Fully financed Public healthcare
- Universal health insurance system comprising NHIF (National Hospital Insurance Fund)
- Chronic and catastrophic illnesses to be funded by Government and insurance levies
How to Download Kwanza Manifesto as a PDF
The crowd bustled in awe as the Manifesto highlighted all Kenya’s challenges coined together in one basket. Since independence, many Kenyans have been sidelined in terms of accessing resources. As a matter of fact, the unemployment rate is very high, with 15% in formal jobs (under 3 million).
Download the Kenya Kwanza Pdf manifesto here