Amanze Chinonye
Kenyan President William Ruto has renewed his call for accelerated economic transformation, saying Kenya can transition from a lower-middle-income to an upper-middle-income economy by adopting the development strategies that propelled South Korea and China into global economic powerhouse, Prime Business Africa reports.
Ruto made the remarks as Kenya unveiled a new long-term development roadmap covering 2030 to 2060, designed to replace the Vision 2030 blueprint and provide a framework for sustained economic growth, institutional reforms and national development.
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The new roadmap focuses on strengthening political stability, building effective institutions, maintaining sustainable public finances, modernising agriculture, expanding export-oriented industries, advancing technology, improving transport infrastructure and investing in education and skills development.
The president said Kenya has the potential to achieve a similar transformation to that of Asian economies through deliberate planning, policy consistency and investment in productive sectors.
“Transitioning Kenya from a lower-middle-income country to an upper-middle-income one is within our reach. In the early 1960s, Kenya was at a similar level to South Korea, but today it is far ahead of us,” Ruto said.
“China, too, was once behind us, but today it is way ahead of us. Let us, therefore, believe in our nation’s potential.”
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Ruto said the experience of South Korea and China demonstrates that countries can rapidly improve their economic fortunes through long-term development strategies, industrialisation, innovation and strong institutions.
He added that Kenya’s next phase of development must focus on creating an economy capable of generating jobs, attracting investment and improving living standards, while ensuring continuity in national priorities beyond political cycles.
The new development framework is expected to guide Kenya’s economic ambitions beyond Vision 2030, with the government seeking to position the country as a more competitive, industrialised and resilient economy over the coming decades.
Amanze Chinonye is a Staff Correspondent at Prime Business Africa, a rising star in the literary world, weaving captivating stories that transport readers to the vibrant landscapes of Nigeria and the rest of Africa. With a unique voice that blends with the newspaper's tradition and style, Chinonye's writing is a masterful exploration of the human condition, delving into themes of identity, culture, and social justice. Through her words, Chinonye paints vivid portraits of everyday African life, from the bustling markets of Nigeria's Lagos to the quiet villages of South Africa's countryside . With a keen eye for detail and a deep understanding of the complexities of Nigerian society, Chinonye's writing is both a testament to the country's rich cultural heritage and a powerful call to action for a brighter future. As a writer, Chinonye is a true storyteller, using her dexterity to educate, inspire, and uplift readers around the world.
