Economics of the Big 4 Agenda

Economics of the Big 4 Agenda

We assess the significance of the corporate political strategy by President Uhuru Kenyatta’s administration to Kenya’s Macro-Economic problems and how it relates with the actualization of the country’s Vision 2030.

The Big 4 Agenda in our estimation will greatly impact the economy of Kenya especially in job creation and achieving the vision 2030 goal of becoming a middle income economy. The big 4 government priorities are more than just President Kenyatta’s legacy plan for the following reasons:

  1. Attainment of the Big 4 may not be fully actualized by 2022 for reasons such as slow policy development and review to effect the suggested changes, insufficient funds to finance expansion of infrastructure and amenities, risk of public funds embezzlement and competition from other peers in attracting Foreign Direct Investments (FDIs).
  2. The big 4 agenda is a 5 years (short term) plan within the long term plan of vision 2030 (more than two decades). Hence the Big 4 plan is not an end but a means towards it.
  3. Unemployment and huge public debts, being Kenya’s biggest macro-economic problems might worsen the inflationary problem which may make Kenyatta’s intended legacy unpopular. It might therefore take another political regime to manage commodity prices and absorb idle labour in the newly created businesses by the Big 4 agenda.
  4. The implementation of the Big 4 agenda leans on partnership with other parties such as the Chinese who may take credit that would otherwise be Mr. Kenyatta’s legacy.

MANUFACTURING

FOOD AND NUTRITION SECURITY

HEALTH

HOUSING

VISION 2030

CONCLUSION

The Big 4 plan focuses on Manufacturing, health, food and nutrition security and affordable housing. These four priority areas have determined the direction of public cashflows and the extent to which we can solve the unemployment problem. The manufacturing pillar will create at least one million new jobs by 2022 and help revamp local industries. Having been a regional leader in ICT for the past decade and with the expansion of the country’s renewable energy production, Kenya’s manufacturing sector has potential to thrive on technology and affordable energy. Putting more land under productive use and promoting the buy Kenya agenda will contribute significantly in building an ecosystem that is locally sufficient. As focus is also put on universal health care, food and nutrition security and affordable housing, it is worth to note that the Uhurunomics in the Big 4 will only initiate a solution to our past macro and micro problems. This means that future administrations will need to manage new economic problems that are emerging in the unfolding of the implantation of the Big 4 plan

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