SECOND NATIONAL STRATEGY FOR PRIVATE SECTOR DEVELOPMENT 2022/23-2026/27

The Second National Strategy for Private Sector Development (NSPSD II 2022/23-2027/28) is a comprehensive framework for consolidation and coordination of the NDPIII program interventions that drive private sector competitiveness in the country.

The overall goal of the Strategy is to "Accelerate Inclusive monetization of the economy". Government has taken this initiative to reinforce its policy of a private sector-led economy by;

Strengthening co-ordination of policies and initiatives geared towards growing and developing business enterprises; and
Facilitating performance measurement and management of national efforts aimed at improving private sector competitiveness.

The interventions in this Strategy will take place at both National and subnational levels and cut across economy wide issues (Macro pillar), industry specific issues (Meso Pillar) and firm level issues (Micro pillar).

The Strategy is defined by two features: consolidation of interventions across the 20 NDPIII programmes and coordination of inter-dependent approaches for equity and inclusiveness. It also provides updates on development around the national industrialization agenda, based on a simplified follow-up and review mechanism that uses programme based results, structural benchmarks and
service delivery indicators to inform performance management.

Implementation of this strategy is premised on enhanced coordination of the implementers of the intervetions. The strategy includes a robust monitoring plan to ensure that all interventions are delivered as expected. This is in recognition of the whole-of-government approach under NDPIII. Its implementation will be supported by the Implementation Committee, with specific terms of reference for
effective delivery.