Full Story Of President Kibaki’s Reign
From his reign his achievements and defaults will be compared with his other successors and we will soon figure out who is suitable to be our leader. Don’t forget to subscribe to todayskenya.info for more updates.
During Mwai Kibaki’s reign there was remarkable growth in turnover for the country, precisely three fold growth from about Sh1 trillion to Sh3.2 trillion. Industry expected the next president to surpass the record that was already set. Kenya at the time had a health system that it could boast of despite the few hiccups that the sector faced from time to time. Moreove, President Kibaki created an enabling environment for innovation and creativity to flow resulting in the country pioneering a first in the world in mobile money transfers and access to money for the unbanked in the whole country. There had been a diversification of markets for Kenyan products from a heavy reliance on European markets to increased trade among African countries owing to the various trade agreements that were championed by President Kibaki’s regime. This has enabled Kenya to export three times more than the country did 10 years ago and currently. The nation also increased value addition of its products which are exported to new markets compared to the raw products that we traditionally sold.
When Mwai Kibaki was sworn in as President of Kenya for the first term on December 30, 2002, East Africa’s largest economy was facing myriad problems mainly stemming from years of mismanagement and corruption under the Mois’ administration.
President Daniel arap Moi had ruled the country from 1978 to 2002. According to the records, from 4.5 per cent in 2001, economic growth had slowed down to 0.6 per cent when he handed over power to his successor in December 2002.
In his inauguration (Mean; Introducing a new official, leader e.t.c at a special cerremony) speech, Mwai Kibaki as the President then, priotized the economy as the focus of his tenure (reign) which comes to an end in the next two months.
The President, in the 2002 speech singled out unemployment, declining school enrolment and deterioration of the education sector, lack of access to basic and affordable health services, dilapidated roads and other infrastructure network and growing insecurity.
According to the Kenya National Bureau of Statistics data, by the end of the President Kibaki’s first term in office;
- infrastructure plans were being implemented,
- students in public primary schools had started learning free of charge,
- the number of public universities was increasing and economic growth had shot up to 7.1 per cent.
In 2008, the economy suffered one of its major setbacks following post-election violence that engulfed the country after the disputed General Election and this has remained a stain on the president’s legacy.
The mayhem resulted in formation of the Grand Coalition Government during his second term.
During the past five years; many of the infrastructure projects which were started during the President’s first term were completed and the long-term ones started.
As Mwai Kibaki’s tenure comes to a close, the Business Daily highlights the performance various sectors of the economy during his tenure in office which comes to an end after the next General Election scheduled for March 4.
The implementation of the Constitution started after its promulgation on August 27 2010, which set off a series of reforms which shifted power to a number of independent institutions including the Judiciary, Independent Electoral and Boundaries Commission, County Transition Authority, National Police Service and the National Land Commission.
October 2006: Vision 2030 launched
The Vision 2030 economic blueprint, which replaced the Economic Recovery Strategy for Wealth and Employment Creation in 2007, seeks to transform Kenya into a newly industrialized, middle-income nation that provides a high quality of life to its citizens by 2030.
- The Vision’s first pillar seeks to ensure that Kenya achieves and sustains an average economic growth of more than 10 per cent per annum over a 25-year period.
- The second pillar seeks to build a just and cohesive society while,
- The third pillar aims at producing a democratic political system that nurtures issue-based politics, the rule of law, and protects all individual rights and freedom.
Read More; Mwai Kibaki’s Achievements
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