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{
    "id": 229733,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/229733/?format=api",
    "text_counter": 27,
    "type": "speech",
    "speaker_name": "Mr. Kibaki",
    "speaker_title": "His Excellency the President",
    "speaker": {
        "id": 43,
        "legal_name": "Emilio Mwai Kibaki",
        "slug": "mwai-kibaki"
    },
    "content": "Mr. Speaker, Sir, we are formulating the Vision 2030 as the basis for our medium to long term growth strategy. The Vision is projected to provide immediate and long-term measures to raise economic growth from the current 6 per cent to an average of 10 per cent during the next 25 years. The Vision will be anchored on a strategy based on high and sustained economic growth, promotion of social justice and equity, and entrenchment of issue-based and accountable politics. The process will be all-inclusive and will culminate with a Sessional Paper that will be tabled before this House later this year. Mr. Speaker, Sir, the Vision strategy will also accord high priority to manufacturing, value added agricultural production, tourism, finance, wholesale and retail and business process outsourcing. These sectors have been identified as having the potential to create rapid growth and transform informal sector enterprises into thriving formal businesses. In this regard, I wish to thank hon. Members for approving the Micro-Economic Finance Act, which I assented into law last year. The Act will provide mechanisms for capitalising micro and small enterprises. In addition to these measures, the Government has rolled out the programme for constructing markets to provide small scale traders with convenient sites where they can do business. My Government is in the process of abolishing over 400 unnecessary licences that will make it easier for our people to engage in business."
}