-- Kenya’s manufacturers
Wednesday launched the Policy Agenda for
Industrialization on achieving the economic goals by
focusing efforts on the manufacturing sector.
manufacturing agenda aims to centralize the economic
agenda of this country in current and future political
Association of Manufacturers (KAM) CEO Phyllis Wakiaga
said the agenda include the need to double jobs, double
exports, increase foreign exchange earnings and raise
manufacturing share of GDP to 15 percent by 2020.
agenda will enable Kenyan manufacturers reverse declines
of products sales,” Wakiaga said. The overall goal of
the policy is to create an additional 300,000 jobs in
the formal manufacturing sector.
focuses on sectoral priorities such as: creating a
massive export push, raising productivity to world class
standards, promoting and leveraging “Buy Kenya Build
Kenya,” tackling uncustomed goods and counterfeits, and
developing a stable policy environment.
Additionally, it makes proposals on job creation through
the revamping of technical and vocational education and
training (TVET) curriculum in the country and offering
The bulk of
Kenya’s manufactured exports are sold to the six member
East African Community (EAC) bloc. Government data shows
that total exports to the EAC registered a four percent
decline in 2016 to 1.2 billion U.S. dollars.
manufactured exports to Uganda and Rwanda declined by
9.3 and 2.5 percent respectively. KAM said that export
growth is fundamental to the growth and stability of the
local manufacturing industry.
that the share of manufacturing in the Gross Domestic
Product (GDP) has stagnated from 1965 to 2015 but it has
now declined to a low of 9.2 percent in 2016.
is targeting to double its output so that manufacturing
contributes 15 percent of GDP. The CEO said that for the
industry to expand, it needs to access more funding at a
Manufacturers have identified lack of access to long
term finance as a problem. In order to expand access to
long term finance for all types of manufacturing firms,
the government should increase the availability of
domestic public funds.