How blended finance could help finance Kenya’s “Big 4 Agenda”

By Ladé Araba Kenya’s aspiration to become an industrializing middle income country is encapsulated in its Vision 2030, which is aligned with the UN Sustainable Development Goals (SDGs).  The Vision, now in phase III of implementation (MTP3), comprises four pillars known as “The Big Four Agenda”:  Achieving food security;  Providing affordable housing for all;  Becoming a manufacturing powerhouse; and Providing universal healthcare coverage.  This agenda currently requires funding of about $20 billion, thus demanding greater volumes of financing given Kenya’s 2018-19 fiscal deficit of $6 billion.  As the nation’s resource mobilization…

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