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Monday, December 6, 2021

Ruto assembles top economists to draft ‘Hustlers Economic Strategy’

By The Frontier Post Reporter

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Preparations for the 2022 polls is in top gear after it emerged that Deputy President William Ruto is recruiting a team of economic experts to draft ‘Hustler Economic strategy’.

Some of the members of the team helped former President Mwai Kibaki plan and run the economy during his tenure.

The list of economists who the DP has tasked with drafting economic blue print include top brains who worked with opposition Chief Raila Odinga and from the business world.

The team which will be led by former Central Bank of Kenya (CBK) Governor Prof Njuguna Ndung’u and Economist Dr David Ndii, boasts of leading economic brains drawn from diverse fields of the economy.

Dyer and Blair’s former joint managing director Mohammed Hassan and Chairman of Kenya National Trading Corporation charged that the team of experts are equal to the task given that time is running out.

Other members of the team being to be brought on board include Dr Jason Kapkirwok, Prof Larry Gumbe and Prof Raphael Munavu.

“DP Ruto has reached out to me and Prof Ndung’u to assemble a team of leading brains especially in the economic field. I am always ready to assist on the same. The experts will be from various fields,” said Ndii.

During his eight-year reign as CBK boss, Prof Ndung’u’s tenure saw the rapid rise of Kenya in the financial inclusion space with global recognition especially through M-PESA.

It is also during his tenure that CBK allowed more technological experiments within the banking sector.

Dr Kapkirwok, who is an acclaimed author, was the Trademark East Africa regional office head and was involved in Kenya Ports Authority expansion.

He is formerly the strategy manager at Heifer International Global, US and former director in-charge of strategy and planning at Kenya Airways.

Munavu, a professor of Chemistry at the University of Nairobi, is the Chair of Kenya National Academy of Sciences, was the first chancellor of Laikipia University, served as a former Moi University VC and was among the first commissioners at the Commission on Revenue Allocation (CRA).

Gumbe, who was ODM’s national chief agent in the 2013 General Election, is a former Centre for Multiparty Democracy chairperson.

He currently serves as a professor of bio-systems and environment engineering at Technical University of Kenya.

The team will closely work with the African Economic Research Consortium, the giant research body where Prof Ndung’u serves as the Executive Director.

On Thursday, Ruto held talks with the former CBK governor. After the meeting,  Ruto said that Prof Ndung’u pledged to help develop a new economic model.

“The state of the global economy demands new thinking, bold ideas and fresh paradigms. We must include more Kenyans in the growth of our country. This is why we are proposing a bottom-up approach to develop the economy,” Ruto tweeted.

On Saturday, the DP also unveiled a plan to include creative artists in the entertainment and film sector into his economic think-tank.

Ruto, who hosted a group of top musicians, comedians and producers at his residence told them that he would incorporate one of them in his top advisory team.

Ms Nadia Mukami, who is a musician and a finance graduate, will lead a creative working group to identify who will represent the team as a champion of the creative economy.

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