Karina and alex wambua mwaniki, sower solutions ltd. Kenya has had mixed economic performance since independence and this study sets out to investigate the role of government expenditure components on economic growth for this period. This study evaluated the profitability and sustainability of fish farming in kibwezi, makueni county, kenya using a sample size of 146 fish farmers. In kenya, the stimulus programme, initially budgeted at sh22 billion, was designed as a high impact and intensive programme and was expected to stimulate economic activity at the local level by creating employment opportunities, spurring entrepreneurial activities and supporting. Economic stimulus building infrastructure programme. Government intervention for aquaculture development in kenya. Economic stimulus programme has put kenya on road to. The kenya national democratic alliance kenda is a political party in kenya. In the past days a series of stimulus packages unprecedented in both scale and scope have been announced by the major developed economies and china extenuateto the mounting economic damage and respond to the health crisis. The questionnaire was pretested for validity and reliability with 10 management staff. Iceland, japan, kenya, maldives, norway, peru, spain, thailand and uganda. Paper developed from my presentation notes as a panelist at the globe afrique forum held on saturday, february 24th, 2018 and from additional research overview source.
The economic characteristics of the asian crisis and the. The package was unveiled at the botswana democratic party bdp special congress held in gaborone this past saturday. In kenya, the stimulus programme, initially budgeted at sh22 billion, was designed as a high impact and intensive programme and was expected to stimulate economic activity at the local level by. This request for expressions of interest follows the government announcement of economic stimulus programme esp in october 2015 which is to commence in the current financial year 20152016. To assess the relationship between technical staff capacities and the performance of commercial aquaculture. Republic of kenya aquaculture business development programme final design report main report iii currency equivalents currency unit kenya shilling kes usd 1. The government of kenya has since 2002 introduced measures to boost the aquaculture industry as a strategy to compensate for.
Mukarunganga ran as the partys presidential candidate in the december 1992 general elections, finishing last in a field of eight candidates with 0. The eidl eligibility period ends december 31, 2020. Esp economic stimulus programme esp economic stimulus projects fy financial year gccn government common core network gdc geothermal development company. Esp economic stimulus programme epz export processing zone fbo faith based organization gdp gross domestic product ger general enrolment rate it information technology ict information and communication technology iso international standards organization kmtc kenya medical training centre. Below is guidance for small businesses seeking to secure stimulus funding to stay afloat during this unprecedented pandemic. Recovery rebates and incentives for business investment sec. Pdf factors affecting profitability of fish farming. The study used granger causality to investigate the causality between international remittances on economic growth in kenya. After multiple headwinds dampened growth in 2017, a nascent rebound in economic activity in kenya is gaining momentum. Economic stimulus programme has put kenya on road to recovery. This economic recovery action plan is the blueprint that will guide the governments economic policies over the next five years. Overview of economic stimulus programs, recessions, the u. However, new farmers joining fish farming have invested heavily in. Mutambuki d53ce265072011 a research project submitted in partial fulfillment of the requirements for the award of the degree of master of business administration of kenyatta university.
Influence of economic stimulus projects on employment. Updated guidance on securing cares act stimulus funding. The economy of kenya is a marketbased economy with a liberalised external trade system and a few state enterprises. Kenya is the largest economy in sub saharan africa with a population of roughly 39. An empirical study of kitui county michael kasamba mutambuki mba graduate school of business kenyatta university bula hannah orwa phd lecturer of human resource management department of business administration school of business kenyatta university. The economic stimulus packagedid it really stimulate. The economic stimulus programme will strive to eradicate backlog of government projects that were affected by the economic recession. The energy, infrastructure and ict sector is crucial for kenya s economic transformation. First, after multiple headwinds dampened growth in 2017, the incipient rebound in economic activity in kenya is gaining momentum.
In kenya, this industry contributes to local incomes, subsistence and nutrition, which are all important determinants of health. Objectives of the study the study was guided by the following objectives. Pdf factors affecting profitability of fish farming under economic. Esp economic stimulus program fbos faithbased organizations fp family planning govt government. The narc government has placed economic recovery on top of its policy agenda in order to reverse decades of slow and stagnant economic growth that has adversely undermined the wellbeing of kenyans. Kenda was established by david mukarunganga in 1992. Eu business, spain announces eur 18bn economic stimulus plan, april 18, 2008. Kenyas aquaculture brief 2017 kenya marine and fisheries. There is no relationship between market positioning and commercial fish farming under economic stimulus under economic stimulus programme in kitui county 1. Jul 28, 2011 fish farming and marketing in africa for fingerlings. The process of identifying farmers and areas to establish the fish ponds is replete with political maneuvers.
Mutambuki d53ce265072011 a research project submitted in partial fulfillment of the requirements for the award of the degree of master of business administration of. Economic stimulus building infrastructure programme request for expressions of interest eoi construction companies registered with public procurement and asset disposal board ppadb are invited to express interest to carry out infrastructure projects under the economic stimulus programme, for buildings and electrical works across the country. A stimulus plan for economic recovery liberia globe. Analysis of the approved estimates for the general economic and. Dec 02, 2015 a summary of the economic stimulus programme esp. Fiscal policy allows the government to utilize spending and tax revenue on projects the government chooses to support. It is in this context that government has introduced the economic stimulus programme esp.
Nov 18, 2016 tanzania should prepare for allocating a stimulus package for its economy in the long term, he said. Weekend post economic stimulus package welcome, but. Food and livelihood security can accelerate the millennium development goals mdgs in kenya. Influence of economic factors on performance of project. Economic stimulus programme in tigania east district of meru county, kenya. Oct 19, 2015 granted, any economic stimulus programme will have such temporary relief measures as ipelegeng, but a significant percentage of the programme should entail such long term interventions as saving and creating long term jobs, investment in infrastructure, investment in renewable energy and tax incentives andor rebates for individuals and companies. Pdf marketing strategies of commercial fish farming. A research project submitted in partial fulfillment of the requirements for the award of the degree of master of business administration of kenyatta university. The kenya economic stimulus program abbreviated as esp was a spending plan initiated by the government of kenya to boost economic growth and lead the kenyan economy out of a recession at the end of the first decade of the 21st century. Esp economic stimulus programme fao food and agriculture organization of the united nations fy financial year gdp gross domestic product gok government of kenya ha hectares hhs house holds ict information and communication technology idb irrigation and drainage branch kewi kenya water institute. Major industries include agriculture, forestry, fishing, mining, manufacturing, energy, tourism and financial services. Review of sectorspecific stimulus packages and policy.
An economic stimulus package is an attempt by the government to boost economic growth and lead the economy out of a recession or economic slowdown. Economic stimulus package of 2008 congress has passed the economic stimulus package of 2008 that introduces a rebate for individuals and equipment investment incentives. Since the worldwide economic slowdown of 2008, botswanas economy has experienced slower growth and greater uncertainty. The study made use of a survey questionnaire administered through drop and pick later method. Mar 11, 2018 economic stimulus monetary stimulus and fiscal stimulus explained in one minute by. The national budget is a key policy tool for the kenya government. Equity and quality in education supporting disadvantaged students and schools equity and quality in education supporting disadvantaged students and schools across oecd countries, almost one in every. The biashara bank will be established by merging the kenya industrial estates.
The development of kenya health policy framework khpf 19942010, launching of. Factors affecting profitability of fish farming under. Determinants of sustainability for fish farming project. Rebates for individuals act section 101 general rules for rebates. Although kenya is currently in a stage of growth, there are still several factors inhibiting economic. Pdf on jan 1, 20, kimathi antoney njagi and others published factors affecting profitability of fish farming under economic stimulus programme in tigania east district, meru county, kenya. Botswana economic outlook african development bank. Economic injury disaster loan eidl program what is the eligibility period. The kenya revenue authority is responsible for all the operations that govern the paying and collection of taxes in the country. Programmes ffepp under economic stimulus programme kenya government spent approximately kshs. It is good that the government gets the right type of people to work in the organization so as to get better ways of improving the tax system in the country.
Efficiency of fish farming under economic stimulus programme in. In kenya, the launch of the economic stimulus programme esp in 2009 was considered a major driving force that. The kenya economic stimulus program esp was initiated by the government of kenya to boost economic growth and lead the kenyan economy out of a recession situation brought about by economic slowdown. The stimulus package, which is comprised of a mix of financial, fiscal, and taxation policies, amounted to a total of figure 1 breakdown of koreas green stimulus renewable energy, 1.
Marketing strategies of commercial fish farming under. Each constituency benefited with funds for 200 fish ponds, 15 kilograms of fertilizer and 1 000 fingerlings. The bills provisions are shortterm changes that will expire generally by the end of 2008. The local civic leaders and the area member of parliament have put political pressure on the district economic stimulus committee to allocate ponds in areas and farmers allied to them politically. The impact of public expenditure components on economic. Kenya has over the years taken important steps aimed at laying a firm foundation to overcome the development obstacles and improve socio economic status of her citizens including health. Efficiency of fish farming under economic stimulus programme in kenya. The overall debt remains sustainable and well below the countrys statutory ceiling of 40% of gdp. It was introduced in the 20092010 budget speech in parliament by finance minister uhuru kenyatta. Obama signs stimulus into law politics white house nbc news. International journal of economics and finance vol. These areas can be in decision making process, manual. An empirical study of kitui county, authormichael kasamba mutambuki and bula hannah orwa, year2014 michael kasamba mutambuki, bula hannah orwa.
The effect of international remittances on economic growth in. The ordinary least squares estimation was used to determine the effect of international remittances on economic growth. Economic stimulus package welcome, but publishing date. Programmes in kenya with special focus on youth and women submitted to. The government is financing the deficit by issuing additional securities under the existing government note program. In this paper, this role can be classified into five categories i the national economic contribution, ii the leadership in government officials, iii social responsibilities, iv. Factors influencing the implementation of economic stimulus. Facebook gives people the power to share and makes the world. Botswana to use some of its reserves for economic stimulus plan.
To this end, government will use its expenditure to expand the economy through accelerated economic diversification, while creating employment opportunities in the country including growth in the private sector. Economic stimulus programme launched by the kenya government in 20092010 financial year. The economic stimulus programme resulted in substantial increase in aquaculture production between 2010 and 20. This form of budgeting was intended to combine efficiency and effectiveness in. This first edition of the kenya economic update is titled still standing kenya s slow recovery from a quadruple shock, with a special focus on the food crisis. This was created to encourage expenditure of public funds in the whole country through initiatives. Kenyas social development proposals and challenges. The banks country strategy paper csp 201418 for kenya was prepared at a time when the country had concluded a peaceful political transition, launched the second national medium term plan mtp ii 2017, embarked on a comprehensive devolution process and discovered oil, gas and coal deposits. Oct 12, 2015 botswana will use some of its foreign currency reserves to fund an economic stimulus program, president ian khama said, after growth in africas largest diamond producer slowed. The kenya economic stimulus program abbreviated as esp was a spending plan initiated by the government of kenya to boost economic growth and lead. Join facebook to connect with economic stimulus programme kenya and others you may know. Stimulus programme in tigania east district, meru county.
The economic stimulus package introduced a couple of years ago, ostensibly to spur. This first edition of the kenya economic update is titled still standing kenyas slow recovery from a quadruple shock, with a special focus on the food crisis. Processors and retail markets were found to be receiving more of. Mcintyre1 authorized for distribution by godfrey kalinga july 2005 abstract this working paper should not be reported as representing the views of the imf. Esp economic stimulus programme kenya eur euro fob free on board ghc ghanaian cedi. With the launch of the economic stimulus program eps two years ago to boost food security and spur longterm development in rural areas, fish farming has become a major beneficiary as demand for fingerlings young fish soars. Factors influencing the effectiveness of implementation of. Irrigation agriculture in kenya impact of the economic stimulus programme and longterm prospects for food security in an era of climate change nairobi march 2011.
An economic stimulus is the use of monetary or fiscal policy changes to kickstart. This title has two meanings, which are both true for kenya today. To mitigate the impact of these shocks, the government implemented several measures. Economic stimulus package passed by congress is lacking. Globally, the fisheries industry plays an important role in economic and social development. The united states government has a number of tools available to influence the economy and secure the well being of its citizens.
Factors influencing implementation of economic stimulus. Marketing strategies of commercial fish farming under economic stimulus programme esp in kenya. It implemented the economic stimulus programme, by funding public projects in agriculture, services, infrastructure, health and. It came up immediately after the implementation of the economic recovery strategy for wealth and employment creation erswec 20032007 republic of kenya, 2003. Republic of kenya ministry of health health sector human resources strategy 2014 2018 published by. In 2010, economic stimulus programme was initiated by the government of kenya with the aim of encouraging fish farming in the region. A strategy for employment and growth since the worldwide economic slowdown of 2008, botswanas economy has experienced slower growth and greater uncertainty. Globally, many countries such as united states of america usa, brazil, japan, and china have come up with economic stimulus programmes to spur youth entrepreneurship by catering for both the demand and supply side, supporting the entrepreneurial intentions. This paper looks at an example of this which is the economic stimulus programme launched by the kenya government in 2010. Economic stimulus consists of attempts by governments or government agencies to financially stimulate an economy. This sector is essential for sustained economic growth, development and poverty reduction. Greenberg agree that while in the short run, economic need is rising rapidly and we need to address the shortrun problems as. Botswanas construction industry which is set to be among the biggest beneficiaries of the recently announced president ian khamas economic stimulus package esp has welcomed the programme with reservation. The government spent more than 8 millions in fish farming in the district.
Some predict that since the writeoff on business investment is two parts tax cut and only one part economic stimulus, when the tax break expires in three years it will be treated like most other tax breaks and renewed, even after the economy presumably will have moved well on its way through recovery. The two main ways for stimulating the economy are expansionary monetary policy and expansionary fiscal policy. A case of fish farming projects in kajiado north district sarah muthoni kioi research project report submitted in partial fulfillment for the requirements of the award of a degree of master of arts in project planning and management at the university of nairobi 2014. Kenya s development journey, it is my pleasure to present the 17th edition of the kenya economic update. Performance of commercial aquaculture under the economic. Crawford, leslie, spain looks to rebuild after property crash, ft, april 9, 2008.
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