This discussion paper examines the enormous potential of fiscal restructuring at the local level in achieving inclusive economic and social development. The paper looks at Kiambu County, a rapidly growing and urbanizing part of metropolitan Nairobi.
The County’s economy is agricultural-based and agricultural products and natural resource processing industries are becoming increasingly important. At the same time, due to the County’s urban character the majority of its residents are involved in retail businesses.
The expansion of the Nairobi Thika Highway has opened up the County and led to an explosion of the real estate market with a number of large projects under development.
Reforms in municipal finance are being made to improve revenues, assets and overall welfare. Improvements in financial planning and asset management help attract private and public investment and can increase the quality of life in the region.