Kenya has launched a 30-year development strategy aimed at transforming the country into a high-income, industrialized economy by 2060 through investments in agriculture, manufacturing, technology, and infrastructure. Unveiled in Nairobi, the 2030-60 plan will succeed the two-decade Vision 2030 initiative. President William Ruto said the framework includes a new development law and an independent oversight body designed to prevent future administrations from abandoning the plan, a pattern that undermined the implementation of the Vision 2030 strategy. In the meantime, Ruto’s administration intends to introduce fully funded higher education from September to build a skilled workforce. Alongside this, it has prioritized major infrastructure investment in roads, railways, and ports through a new National Infrastructure Fund, which already holds $2.7 billion from state asset sales. A separate sovereign wealth fund is also planned to safeguard national resources for future generations.
Bloomberg