On 18th September 2019, KEPSA participated in the private sector consultative meeting on the roadmap towards the upcoming International Conference on Population Development (ICPD) – Nairobi Summit 25 that focuses on accelerating the 1994 Cairo Consensus on programs of action on reproductive health and rights, women empowerment and gender equality nexus on population and development. The meeting was held at Sarova Stanley Hotel.
The private sector is key in accelerating the ICPD promise against the background of Sustainable Development Goals (SDGs) in provision of maternal health, sexual and reproductive health, education and training of youth, and employment.
The areas of focus for private sector in the ICPD commitment resolved as follows: renewable energy for reducing hospital energy bills; enhancing food nutrition; scaling up health innovations; empowering women enterprises; information & awareness creation to inform women, girls and youth on family planning and safe abortion.
On 10th September 2019, KEPSA CEO, Ms. Carole Kariuki represented KEPSA at the launch of the Organizing Committee of the Advantage Foundation’s Marathon of Culture, People, Sustainability and Inclusion initiative, in Matera, Italy.
Marathon of Culture, People, Sustainability and Inclusion initiative aims at promoting the culture of people and their traditions through exhibitions, concerts, conferences, forums and sport events, all focused on the themes of environmental and social sustainability, economic trend and outlook for growth, inclusion, gender awareness and innovation – themes that represent the focus of the Advantage Foundation.
This initiative presents an opportunity to promote Kenyan businesses, culture and institutions through a number of high visibility events which will allow interaction with Italian companies, authorities, and international institutions and professionals.
KEPSA participated in a workshop on Sector Skills Advisory Committee (SSACs) organized by Technical and Vocational Education and Training (TVET) Curriculum Development Assessment and Certification Council (CDACC) on 13th September 2019 at Kenya School of Monetary Studies.
The key objective of the workshop was to validate the National Occupational Standards set for Competency Based Education and Training (CBET) for TVET institutions. The occupational standards have been formulated by the different SSACs.
The SSACs are the Link between the industry and the TVET CDACC council tasked with formulation and validation of curriculum and occupational standards thus curricula developed in for CBET will confer to industry standards. Further, SSACs are organized according to various sectors in the industry; help the council realize the strains of the curricula and make necessary adjustments. The council has formulated over 50 SSACs. It has also developed over 190 occupational standards among which 39 were validated at the meeting.
Competency based training will be flexible and not time-bound; students will be assessed according to their competences when they are ready. The government is rebranding and repositioning TVET as a sub-sector of choice for trainees.
KEPSA in partnership with Hirsi & Harrods Real Estate hosted a Mauritius Trade and Investments dinner at The Lord Erroll in Nairobi on 12th September 2019.
The event offered an opportunity to meet and network with Mauritius based high-end real estate developers led by EVACO. It also offered opportunities to invest in properties, which offer high returns due to its reputation as a top honeymoon destination and thriving tourism sector.
During April 2019, His Excellency President Uhuru Kenyatta led a business delegation to Mauritius for the purposes of increasing trade and investments between Kenya and Mauritius. Hirsi & Harrods, a KEPSA member that was part of this delegation invited EVACO to meet and network with KEPSA members towards investing in high- end real estate with opportunities to receive affordable financing from Mauritius at 4% interest rate.
KEPSA Trustee, Ms. Lucy Karume, appreciated EVACO Group for recognising KEPSA membership investment potential and choosing to work with KEPSA. This gesture affirmed the level of confidence in the Kenyan private sector, and reflected the commitment to strengthen the partnership between the two countries as outlined in the MoU signed by KEPSA in April this year with the Economic Development Board and the Mauritius Chamber of Commerce and Industry.
The representatives from EVACO group highlighted the tax benefits of investing in Mauritius as: no taxes on capital gain; income tax not exceeding 15%; no residential taxes or property taxes; no inheritance; and there is an existing agreement to avoid double taxation with over 40 countries. In addition to this, a residence permit is automatically granted to the purchaser if the property value exceeds USD 500 000.
Key facts about investing in Mauritius:
- Ease of doing business – Mauritius ranks 1st in Africa in the World Bank Doing Business 2018
- Political stability – 1st in Africa for the Democracy Index 2017 (The Economist Intelligence Unit)
- Good governance – Mauritius ranks 1st in Africa for the Mo Ibrahim Index of African Governance 2017
- Economic democracy – 1st in Africa for the Index of Economic Freedom – Heritage Foundation, and 1st in Africa in the Economic Freedom of the World – Fraser Institute
- A robust and independent legal system with the Privy Council as the ultimate court of appeal
- Mauritius offers competitive operational cost, skilled and bilingual (English/French) workforce & state-of-the-art technological infrastructure
- Open to foreign investors and talents, and Investment-friendly regulatory regime
- Ocean State with one of the largest Exclusive Economic Zones in the world
The preparation process of the Financial Year 2020/21 and Medium Term Budget officially kicked off on 12th September 2019 after the Ag. Cabinet Secretary, National Treasury Hon. Ukur Yatani, launched the process in an event that KEPSA participated at KICC, Nairobi.
Hon. Yatani was accompanied by Hon. Kimani Ichung’wa – the Chairperson of the National Assembly Budget and Appropriations Committee, Dr. Julius Muia – the Principal Secretary for National Treasury, Mr. Torome Saitoti – PS Planning, among others. KEPSA was represented by Arch. Lee Karuri, the KEPSA Foundation Chairman.
The private sector was urged to participate in the Sector Working Groups (into which KEPSA had asked to be co-opted) and submit their proposals to form part of the Sector Budget Proposals. Both the Cabinet Secretary and Hon. Kimani Ichung’wa emphasized that the process would be consultative and no submissions would be accepted in Parliament unless submitted at SWGs stage.
From the issued Guidelines for Preparation of the 2020/21- 2022/23 Medium Term Budget, the process would be guided by the Medium Term Development Strategy, which prioritizes Big 4 drivers and enablers, the Budget Calendar (outlined in the Guidelines), Sectors Working Groups, and Programme Performance Reviews from the 2016/17-2018/19 Budgets. Prioritization and allocation of resources would be based on the proposed programme’s linkage to Big 4, MTP-III and Vision 2030, contribution to job creation, poverty reduction, and alignment to core mandate of the MDAs, cost effectiveness and sustainability.
Some of the key timelines in the Budget Calendar (Annex 1, Page 20 of the Circular) include:
- Review and Update of Strategic Plans of MDAs – 16th September 2019.
- Programmes Performance Review – 16th September 2019.
- Draft Budget Review and Outlook Paper (BROP) – 30th September 2019.
- Validation of Budget Proposals through Public hearing – 25th November 2019.
- Development of Draft Budget policy Statement (BPS) – 30th November 2019.
- Submission of BPS, Division of Revenue Bill (DoRB) and County Allocation of Revenue Bill (CARB) to Cabinet for approval – 12th January 2020.
- Submission of BPS, DoRB and CARB to Parliament for approval – 14th February 2020.
- Issuance of final Guidelines on Framework of FY 2020/21 Budget – 28th February 2020.
- Submission of draft Budget Estimates to Cabinet – 15th April 2020.
- Submission of draft Budget Estimates to Parliament – by 27th April 2020.
- Review of Draft Budget Estimates by Departmental Committees of Parliament – 15th May 2020.
- Annual Budget Statement – 11th June 2020.
- Approval of Appropriation Bill – 30th June 2020.