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Kenya managed to score the most improved African and sub-Sahara country on the GCI top 100 rankings/FILE

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Kenya among 100 most competitive nations – report

On his part, Vision 2030 Delivery Secretariat Director General, Mugo Kibati, said the independently evaluated report had served to pass a valid verdict on Kenya’s development agenda.

“The overarching goal of Kenya Vision 2030 is to transform the country into a globally competitive and prosperous nation with a high quality of life for its citizens by the year 2030,” Kibati said. He added; “This goal entails three main dimensions: National Prosperity, a High Quality of Life and Global Competitiveness as affirmed in the Global Competitiveness Report.”

Kibati noted that since 2003 when Kenya started participating in the GCI rankings, the ranking had been progressively declining from position 83 in 2003 to number 106 in 2012 among the 142 participating countries.

“Today, I am excited and glad to note that in line with the overall goals and spirit of vision 2030, Kenya’s global competitiveness is now on a growth trajectory, effectively confirming that Vision 2030 is progressive,” Kibati said.

He said that as the country takes stock of the report details, it cannot afford to be complacent by slowing down on the pace of reforms.

On the flipside, a number of factors are holding back Kenya’s overall competitiveness.

Health remains an area of serious concern (121st), with a high prevalence of communicable diseases contributing to the low life expectancy of fewer than 58 years and reducing the productivity of the workforce.

The security situation in Kenya also remains worrisome (131st).

On a continental scale, the report notes that the sub-Saharan Africa region continues to underperform significantly in providing health and basic education.

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The region’s poor performance across all basic requirements for competitiveness however stands in stark contrast to its comparatively stronger performance in market efficiency, where particularly the region’s middle-income economies such as Kenya, South Africa and Mauritius fare relatively well and rank in the top 20 percent in financial market development.

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