61st ANNIVERSARY OF KENYA’S INDEPENDENCE:

Bottom-Up Economic Transformation Agenda (BETA)

TEXT: Objectives of BETA

1. Bringing down the cost of living by lowering the annual inflation rate to 5%

2. Eradicating hunger

3. Creating 1,200,000 jobs annually

4. Expanding the tax base by increasing revenue collection to 19.7% of GDP by 2027/2028

5. Improving foreign exchange balance through promotion of exports in order to improve reserves to 6.1 months of import cover

6. Achieve Inclusive growth leaving no one behind

BETA Core Pillars

1. Agriculture

2. Micro, Small and Medium Enterprise (MSME) economy

3. Housing and Settlement

4. Healthcare

5. Digital Superhighway & Creative Economy

Sectors

1. Finance and Production

2. Infrastructure

3. Social

4. Environment and Natural Resources

5. Governance and Public Administration

Copyright Business Recorder, 2024