Regional Economic Integration For the Central Kenya Economic Bloc- Policy brief
About the Policy brief:
The Kenya Vision 2030 seeks to transform the Kenyan economy into “a newly- industrialising, middle income country providing a high quality of life to all its citizens in a clean and secure environment globally.” Kenya Vision 2030 seeks to achieve these goals through three key pillars: Economic; Social; and Political Governance. The economic pillar aims to achieve an annual economic growth rate of 10%, this is expected to be sustained until 2030. The social pillar seeks to create just cohesive and equitable social development in a clean and secure environment, while the political pillar aims to realise an issue-based, people-centred, result-oriented and accountable democratic
system1. The establishment of the various regional economic blocs within Kenya serves to ensure that counties play a key role in ensuring the social, economic or political and governance goals of the Kenya Vision 2030 are achieved.
Regional economic blocs are implicitly encouraged in the constitution of Kenya (COK 2012) under article 189(2), where intergovernmental relations is established for effective service delivery. One advantage of regional cooperation is the economies of scale associated with collective investments and implementation of joint projects with large capital outlays that can be easily overcome by combined efforts. Several economic blocs have been established: North Rift Economic Bloc (NOREB), Mt. Kenya and Aberdare, Lake Region Economic Bloc (LREB), Jumuiya ya Kaunti za Pwani (JKP), Southeastern Kenya Economic Bloc (SEKEB) and Frontier Counties Development Council (FCDC). Mt. Kenya and Aberdare has since changed its name to Central Region Economic Bloc (CEREB). A challenge experienced by most counties is that they lack sufficient funds to implement viable projects on their own in a manner that can attract long term investments. Regional economic integration is important for leveraging counties with close geographic proximity for collective investments in order to accelerate economic growth potential.
This brief presents the findings of a study that sought to establish the legal and operational framework for CEREB, their agricultural sector priorities and policy direction and implications for engaging in multilateral/regional trading systems particularly the Agreement of theAfrican Continental Free Trade Area.
Regional Economic Integration For the North Rift Economic Bloc- Policy brief
About the Policy brief:
The Kenya Vision 2030 seeks to transform the Kenyan economy into “a newly- industrialising, middle income country providing a high quality of life to all its citizens in a clean and secure environment globally.” Kenya Vision 2030 seeks to achieve these goals through three key pillars: Economic; Social; and Political Governance. The economic pillar aims to achieve an annual economic growth rate of 10%, this is expected to be sustained until 2030. The social pillar seeks to create just cohesive and equitable social development in a clean and secure environment, while the political pillar aims to realise an issue-based, people-centred, result-oriented and accountable democratic
system . The establishment of the various regional economic blocs within Kenya serves to ensure that counties play a key role in ensuring the social, economic or political and governance goals of the Kenya Vision 2030 are achieved.
Regional economic blocs are implicitly encouraged in the constitution of Kenya (COK 2012) under article 189(2), where intergovernmental relations is established for effective service delivery. One advantage of regional cooperation is the economies of scale associated with collective investments and implementation of joint projects with large capital outlays that can be easily overcome by combined efforts. Several economic blocs have been established: North Rift Economic Bloc (NOREB), Mt. Kenya and Aberdare, Lake Region Economic Bloc (LREB), Jumuiya ya Kaunti za Pwani (JKP), Southeastern Kenya Economic Bloc (SEKEB) and Frontier Counties Development Council (FCDC). Mt. Kenya and Aberdare has since changed its name to Central Kenya Economic Bloc (CEKEB). A challenge experienced by most counties is that they lack sufficient funds to implement viable projects on their own in a manner that can attract long term investments. Regional economic integration is important for leveraging counties with close geographic proximity for collective investments in order to accelerate economic growth potential.
This brief presents the findings of a study that sought to establish the legal policy and operational framework for NOREB, their agricultural sector priorities and policy direction and implications for engaging in multilateral/regional trading systems particularly the Agreement of the African Continental Free Trade Area.