Industry in Kenya
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KENYA, 2016/10/04
Kenya's removal of excise business on locally assembled cars will boost the industry, but the government must make power supplies cheaper and address other concerns to draw additional investment , the automobile industry association chief said on Thursday.
With little increase in mature markets, automakers are looking to tap into emerging African markets, but there is plenty of competition on the continent for where they may invest.
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DJIBOUTI CITY, 2016/06/13
East African states are tightening controls on used car imports in a drive to cut pollution and boost the local manufacturing industry.
Kenya recently announced that it would scale up its used car emissions laws, joining Uganda which has by presently introduced related taxes.
Cabinet Secretary in Kenya’s Ministry of Transport James Macharia said that the policy would any minute at this time be in place and that motorists found to be in breach of the law risk having their cars deregistered.
“By the end of the year, we will require vehicles countrywide to undergo a mandatory inspection to determine their level of toxic emissions,” said Mr Macharia.
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KENYA, 2016/05/07
Reducing a reliance on bulk black tea is a key objective for Kenya as it looks to boost revenue from one of its flagship agricultural sectors.
Kenya is the world’s leading exporter of black tea, which accounts for 95% of the country’s in general tea production, making it one of its major agricultural exports.
Tea exports generated earnings of KSh125.3bn ($1.23bn) in 2015, a 23% increase from the previous year. The jump in revenue was the result of higher prices due in large part to a weaker harvest, with 2015 crop yields at 399.2m kg, a 10% year-on-year decrease, according to data from the Agriculture, Fisheries and Food Authority (AFFA).
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KENYA, 2012/12/17
Under Vision 2030, industrialisation is highlighted as a key economic pillar of increase. In the Vision’s first five-year phase (2008-2012) the Government would like to see GDP grow by a rate of 10 % – supported in large among by manufacturing – inclunding a significant rise in employment, foreign exchange and investment.
To better concentrate on these goals, the Ministry of Trade and Industry was split up and the newly formed Ministry of Industrialisation emerged with the mandate to provide a favourable framework and environment in which industries can thrive. In line with this, several long-standing institutions, a few of which had fallen somewhat into disrepair, are being revived.
