President Uhuru has given a strong hint that his government may soon easy the stringent anti-covid measures and open up the economy with revised measures on how to cub the pandemic but still allow businesses to thrive. He unveiled a sh.53Billion stimulus package anchored on 8 pillars. Uhuru is yet to name the Economy Recovery Council that is said to comprise of eminent personalities to be chaired by Prime Minister Raila Odinga.
HE the President has announced allocation of Kes53.6B package anchored within 8 pillars;
1): Infrastructure; rehab roads & Bridges. 5B allocated to Local Sourcing Program (LSP)
2): Education – project restart. 6.5B additional funds. Hire more teachers & ICT officers for Digital learning. Acquire more school furniture via LSP
3): MSME – 10B pay pending bills. 3B for seed capital within Credit Guarantee Scheme
4): Health – Hire additional 5K staff. 1.7M to expand bed capacity via LSP. Investment in medical research
5): Agriculture – 3B for farm inputs. 1.5B for horticulture producers in reaching the market.
6): Tourism – 2B as Soft loans to Hotels.
7): Environment – repair dams. Afforestation program. Greening Kenya program
8): Manufacturing – Buy Kenya-Build Kenya initiative. 600M to buy locally built vehicles.
Other eminent personalities that Uhuru is set to name to the Economy Recovery Council include Dr Mukhisa Kituyi, H E Governor Isaac Ruto, Martin Oduor Otieno, Sabdiyo Dido Bashuna, Sheilla M’bijiwe and Prof Terry Ryan.