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{
    "id": 1130028,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1130028/?format=api",
    "text_counter": 55,
    "type": "speech",
    "speaker_name": "Hon. Uhuru Kenyatta",
    "speaker_title": "His Excellency the President",
    "speaker": {
        "id": 168,
        "legal_name": "Uhuru Muigai Kenyatta",
        "slug": "uhuru-kenyatta"
    },
    "content": "The second element of the programme was Education with an additional Kshs6.5 billion to the Ministry of Education to hire an additional 10,000 teachers and 1,000 Information and Communication Technology (ICT) interns to support digital learning, and the acquisition of 250,000 locally fabricated desks. The third element of the programme targeted Small Medium Enterprise (SMEs) through an injection of Kshs5 billion as seed capital for the SME Credit Guarantee Scheme. The intention here is to provide affordable credit to small and micro enterprises. The fourth focused on Universal Health Coverage through acquisition of locally made beds. The fifth element of the stimulus programme focused on agriculture. We prioritised Kshs3 billion for the supply of farm inputs through e-vouchers, targeting 200,000 small scale farmers; and a further Kshs1.5 billion to assist flower and horticultural producers to access the international markets in a period where we had a shortage of flights into and out of our country. Tourism was the sixth area of target for the stimulus programme. To jumpstart this important sector and protect its players from heavy financial losses, we provided soft loans to hotels and related establishments through the Tourism Finance Corporation (TFC), and a total of Ksh2 billion was applied towards renovation of facilities and the restructuring of business operations by actors in this industry. To mitigate the impact of deforestation and climate change, and to enhance the provision of water facilities; we rehabilitated wells, water pans and underground tanks in the Arid and Semi- Arid areas. We applied Kshs2.5 billion for flood control measures and on our Greening Kenya Campaign. The eighth and final element of the stimulus programme was manufacturing. As a strategy, we enforced the policy on “Buy Kenya Build Kenya”. We set aside an initial investment of Kshs600 million to purchase locally manufactured vehicles. This was expected to sustain the operations of local motor vehicle manufacturers and the attendant employment of workers. Hon. Speakers, the foregoing interventions helped to reinforce the resilience of our economy whilst cushioning millions of households against the effects of the economy. In that regard, while most economies in the world shrunk, Kenya’s economy grew at 0.3 per cent during 2020 despite the COVID-19 challenge. Although this positive growth was minimal, the second quarter of 2021 registered the most impressive growth ever recorded in our nation’s real Gross Domestic Product (GDP). During the second quarter of 2021, real GDP recorded a phenomenal 10.1 per cent growth. This is the highest growth ever recorded in a one quarter in Kenya’s history."
}