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More on Kenya Vision 2030

Kenya Vision 2030 is the country’s development blueprint covering the period 2008 to 2030. It's objective is to help transform Kenya into a, “middle-income country providing a high quality life to all its citizens by the year 2030”. Developed through an all-inclusive and participatory stakeholder consultative process, the Vision is based on three “pillars”: the economic, the social and the political. This Vision's adoption comes after the successful implementation of the Economic Recovery Strategy for Wealth and Employment Creation (ERS), responsible for the country’s GDP growth from a low of 0.6% and gradual rise to 6.1% in 2006.
The Kenya Vision 2030 is to be implemented in successive five-year Medium-Term Plans, with the first such plan covering the period 2008 – 2012. At an appropriate stage, another five-year plan will be produced covering the period 2012 to 2017, and so on till 2030. As the country makes progress to middle-income status through these development plans, it is expected to have met its Millennium Development Goals (MDGs) whose deadline is 2015. Some of the goals have already been met. The Vision 2030 spells out action that will be taken to achieve the rest.
 

Contact Monica Kerretts

For further information about the application requirements please contact:

John Matogo at: jmatogo@strathmore.edu
 

Projects we can supportIntroduction

Idea Foundation is in principle open to support all students, from all programs, from a qualified institution, offering higher education in Africa (south of Sahara). In addition it is recommended that students have attended an entrepreneur class or get tutoring in business planning and entrepreneurship.

The aim is to support the development of more business competence and the ability to create enduring entrepreneurship. The projects funded shall potentially create value and employment to the local community and hence create prosperity and inspiration to others
 

Who Can ApplyFor Strathmore Alumni

Investments and/or financial contributions to start-up and development of specific business ideas can be given to applicants who meet the following requirements:

  • The applicant has passed and can document completion of examinations at Strathmore.
  • The applicant has received approval from Strathmore to apply for funding; and
  • The applicant has prepared a business plan for the project applied for, including a business strategy, investment and progress plan, as well as budget.
 

Kenya Vision 2030

Kenya Vision 2030 is an economic development plan by the Kenyan government envisioned to develop the country to a middle income country by 2030. The plan is to produce annual economic growth rates of 10%. Currently, Kenya has a GDP growth of 4.9% (2007). The vision calls for a series of five-year plans, the first one between 2008-2012. The plan targets six key sectors with investment in 20 flagship projects.
 

Guideline for Business Initiatives

In order to evaluate applications here are some of our guidelines:

  • Business Plan including, time frame, milestones, investment plan in addition to the concept idea, market and strategy.
  • To be accepted by the Foundation the business scope has to be within the areas of the Kenya Vision 2030.
  • The Project has to be recommended by the Selection & Advisory Committee
  • The contract with the student will include ethical guidelines.
  • The payments will typically be in installments according to an agreed payment plan related to milestones of the project.
  • Initially we will keep four deadlines a year for applications. The first being January 5th 2012