Economic blueprint Unveiled by 10 counties along Lake Victoria Basin

Kenyan President Uhuru Kenyatta addresses a news conference at the State House in Nairobi December 2, 2014. PHOTO/COURTESY

By Abel Muhatia @abelmuhatia

President Uhuru Kenyatta on Tuesday launched a new roadmap by 10 counties in the Lake Victoria basin that is aimed at catalyzing the region’s economic development through targeted joint investments.

This comes after the lake region economic blueprint was developed through a consultative process by the county government including the public and coordinated by Deloitte East Africa.

The Lake Region Economic Blueprint is expected to…act as a one-stop shop for investors seeking opportunities in the region.

It identifies seven strategic intervention areas, namely: Agriculture, Tourism, Education, Health, ICT, Financial Services and Infrastructure.

For each of the intervention areas, the blueprint has designated a flagship project to be implemented in the region.  The flagship projects are: an agricultural commodities exchange, a regional bank, specialist hospitals and educational centers of excellence in each county, creating a Lake region ring road and tourism circuit.

Speaking after the president launched the initiative at the second devolution conference in Kisumu, Isaac Ruto, the chairman of the Council of Governors said that while counties are emerging as key units of economic development, they stood to gain greatly by pooling individual resources for strategic initiatives.

“Consultation and collaboration amongst counties remain key if we are to achieve shared prosperity as envisioned by the process of devolution,” added Mr Ruto.

According to Jack Ranguma, the… Governor of Kisumu County, the blueprint would enable individual counties that are sometimes too small to leverage economies of scale, to jointly implement massive projects.

The bloc is made up of Bungoma, Busia, Homa Bay, Kakamega, Kisii, Kisumu, Migori, Nyamira, Siaya and Vihiga. Three other counties, Bomet, Trans Nzoia and Kericho have agreed to be part of the regional blueprint.

Deloitte provides services to public sector across the world on economy, national security, environment and aging populationwith the aim of helping governments create true advantages for its citizens and business communities.

 @biashara_news

About the Author

Muhatia
Muhatia is the Managing Editor of Biz News Media Reach him via editor@biznews.co.ke