NAIROBI (Xinhua) --
Kenyan industrialists on Friday called
on stakeholders to form partnership to boost the steel sector’s
competitiveness and develop frameworks of collaboration to
better shape the future of the industry.
industrialists under the Kenya Association of Manufacturers (KAM)
who hosted the first ever international steel forum in Nairobi
also urged the stakeholders to address challenges affecting the
Sachen Gudka, KAM chairman, noted that the local steel sector
has grown over the years, adding that the establishment of
stronger partnerships with global investors, would be vital to
attain the desired growth in the sector and the economy.
"The future of the sector looks at the development of Smart
"Through data and employment of sustainable strategies the
sector will spur the productivity of the country and the
continent for the next generation," Gupka told the forum.
The forum, which brought together some 50 stakeholders in the
steel sector from across the globe, focused on providing
partnership opportunities to boost the sector’s competitiveness.
"We are at the juncture where our trade deficit continues to
widen as a country, and the numbers in steel are a clear
demonstration of that."
"If we can forge stronger partnerships, with our global
stakeholders finding opportunities to continually invest in
Kenya, surely we can turn this around in a short amount of
time," said Gudka.
He noted that the realization of the targets set out under
the government’s development plan dubbed the Big 4 Agenda of
food security, manufacturing, affordable housing and universal
healthcare will require a significant input from the iron and
steel sector, as it presents opportunities for growth.
Bobby Johnson, KAM steel sector chairman, said though the
sector continues to grow, its full potential still remains
unexploited, due to a variety of challenges including, high
energy cost, import development fees and railway development
levy and illicit trade