In 1965, Kenya laid out its post-independence economic blueprint through the famous Sessional Paper Number 10 of 1965 titled “African Socialism and its Application to Planning in Kenya”. The masterplan also asserted the country’s non-alignment to either Western Laissez-faire capitalism or Eastern communism.
Core tenets of the paper included (i) political equity (ii) mutual responsibility baked with State interventions, where necessary (iii) a blend of property ownership to avoid concentration of economic power and (iv) a progressive tax system to ensure an equitable distribution of income and wealth.
