Private Sector Development Strategy
Overview

The Private Sector Development Strategy (PSDS)  is a document that was prepared by the former Ministry of Trade and Industry, after extensive consultations with a wide range of stakeholders that provides a mechanism through which the Government of Kenya will leverage and catalyse the implementation of strategic actions to enhance private sector growth and competitiveness. This will, in turn, contribute to the achievement of the country’s medium-term objectives as outlined in the Economic Recovery Strategy for Wealth and Employment Creation (ERS).

Objectives

• The overriding objective of the Private Sector Development Strategy (PSDS) is to enhance private-sector growth and competitiveness that will then contribute to the country’s medium-term objectives as outlined in the Economic Recovery Strategy for Wealth and Employment Creation 2003-2007 (the ERS).
• The purpose of the PSDS is hence, to catalyse the provision of an enabling environment which will enhance private sector growth and competitiveness.

Private Sector Development Strategy (PSDS) Secretariat is the Coordinating Office which acts as the Secretariat to the Steering Committee and links the Government, the private sector and the development partners. The mission of the office is to ensure timely, effective and sustainable implementation of the PSDS through effective collaboration of sector institutions. Its mandate includes the development and implementation of interventions and prudent management of funds, received both from the Government and development partners. The Coordinating Office is anchored in the Office of the Deputy Prime Minister & Ministry of Trade, given the Ministry’s mandate within the organizational structure of the Government of Kenya, which is to facilitate growth and competitiveness within the private sector.