Kenya Third Medium Term Plan 2018-2022

The Kenya Vision 2030, which was launched in June, 2008, aims to transform Kenya into an industrialized upper middle income economy offering a high quality of life to all its citizens by 2030. The Vision is being implemented through successive five-year Medium Term Plans (MTPs) of which this is the Third.

The country recorded substantial progress under the first two MTPs. The poverty level declined from 46 per cent in 2005 to 36.1 per cent in 2015 (The 2015/16 Kenya Integrated Household Budget Survey). Substantial progress was made in education and health. There was also remarkable increase in power generation and the development of infrastructure, for example, the standard gauge railway from Mombasa to Nairobi, roads, airports, ports and harbours, irrigation, water and sanitation. However, progress varied across sectors and regions.

The MTP III builds on the gains made so far in implementing the previous MTPs, including completing projects initiated during MTP II. It endeavours to move the economy towards a high growth trajectory to achieve 7 per cent economic growth by the end of the Plan period. The Plan targets not only increasing the level of savings and investment but also enhancing the productivity of investment in all sectors of the economy as well as consolidating fiscal stance in a stable macro-economic environment. In addition, it aims at effecting structural changes in the economy towards increasing the shares of manufacturing, industrial and exporting sectors. The Plan also prioritizes development of the Oil and Mineral Resources Sector and the Blue Economy which are expected to play a key role in contributing to higher economic growth in the next five years and beyond.