Manufacturing to contribute 20% of Kenya's GDPStaff writer ▼ | August 28, 2014
Kenya's manufacturing sector will contribute 20 percent of Gross Domestic Product (GDP) in ten years, a senior government official said.
In ten years Industrialization Cabinet Secretary Adan Mohammed:
"The goal will be achieved by ensuring that the right enablers are in place to support local industries produce competitive products for the regional and international markets," Mr. Mohammed said.
Mr. Mohammed said the high cost of electricity is one of the challenges facing the industrial sector. "The government will therefore increase power supply from the current 1700MW to 6700 MW in the next four years so as to reduce the overall power cost by 40 percent."
The East African nation is also undertaking massive investments in infrastructure that will ensure the cost of logistics is reduced. ■