M a r k e t N e w s

Kenyan Industries to Increase Manufacturing to Boost Exports

Posted on : Wednesday , 18th April 2018

Kenyan Industries are in the process of increasing their manufacturing output in a bid to boost exports. This vision is supported and shared by the Kenyan government, according to a statement from the administration.
 
The cabinet secretary of the Ministry of Trade and Industry, Adan Mohamed gave his view on the subject stating that Kenya’s exports have been low due to a narrow manufacturing base.
 
"We are therefore going to put in place interventions that will expand manufacturing sector so that Kenya can improve its exports," Mohamed was quoted saying.
 
Kenyan industries will now hope to see an improvement in global competitiveness while also substantially improving employment opportunities for Kenyans. 
 
Mohamed said currently 75 percent of all global trade is in manufactured goods, and that the government's strategic aim of growing Kenya's manufacturing base can only be implemented through collaboration and knowledge transfer from industry.
"That is the critical role that manufacturing plays in a country. The government is therefore keen on improving the business environment for competitiveness," he said.
 
Emmanuel Kalenzi, the United Nations Industrial Development Organization (UNIDO) Representative to Kenya said that industrial development alongside a strong manufacturing sector will bring a new stream of opportunities in terms of job creation and the transfer of knowledge.    
 
"There is need to address challenges affecting industrial growth in Kenya and Africa in order to set these economies on a path to inclusive and sustainable industrial development, and economic sustainability," Kalenzi added.
 
Kenya Association of Manufacturers (KAM) Chairlady Flora Mutahi noted that the manufacturing sector is key to Kenya's economic growth due to its potential to grow productive jobs and increase the purchasing power of consumers.
 
 

 

Source : bizmap.com
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