African Center for Economic Transformation

Kenya plans to spur strategy of regional county economic blocs in order to boost competitiveness, a senior government official said Monday.

Eugene Wamalwa, cabinet secretary Ministry of Devolution and Arid and Semi Arid Lands (ASALs), told journalists in Nairobi that all the 47 counties will be encouraged to be part of economic blocs in order to improve their economies of scale.

“The national government recognizes that county economic blocs will optimize the counties’ comparative advantages and thereby create an environment to attract more foreign direct investment,” Wamalwa said during the validation of the policy on establishment of county economic blocs.

Wamalwa added that stakeholders are currently developing a draft policy which will soon be presented to cabinet for approval.

“Our objective is to have the policy endorsed by parliament by end of March,” he added. Kenya has so far seven economic blocs across the country.

Wamalwa said the existence of a policy on county economic blocs will ensure national and county governments harmonize their regulatory frameworks in order to improve the ease of doing business in the country.

He noted that county economic blocs will significantly contribute to accelerated development of the respective regions through joint county projects and programs.

“Such cooperation could improve connectivity between counties as well as bolster service delivery,” he added. Enditem

Advertisements

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.