KAM urges political parties to encourage investments

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By Caroline Kamau

Kenya Manufacturing Association is urging political leaders to lay more emphasis on the economy and job creation in their manifestos.

The manufacturers’ lobby body says a strong leadership and effective collaboration between the public and private sector will double the manufacturing output by 2020.

The manufacturing sector contributes about 10 percent to the gross domestic product, which stands at more than 630 billion shillings.

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This is despite the fact that Kenya is the most industrialized economy in East Africa.

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The stagnation at 10 per cent has for a long time been attributed to high cost of production, decreased transport infrastructure and dumping of cheap imports from other countries.

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Ahead of the general elections, Kenya manufacturers association is calling on political parties to lay more emphasis on Kenya’s economic agenda in their manifestos.

KAM says it is collaborative efforts between the public and private sector that will create more jobs, double exports and lift foreign exchange earnings to 15 percent of GDP by 2020.

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The lobby group has developed a 10-point Manufacturing agenda which among others focuses on creating a business environment that is conducive to the manufacturing sector, secure affordable, reliable and sustainable energy and enforce a fiscal regime that supports industrialization.

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