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State releases Ksh1.1B for County Aggregation and Industrial Parks

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Government has released Ksh. 1.125 billion for the County Aggregation and Industrial Parks (CAIPs) for the on-going phase one.

According to Trade Cabinet Secretary Rebecca Miano said that each County will receive Ksh.62.5 million under tranche one noting that the Ministry in consultation with the Council of Governors and county-based implementation organs will issue an expression of interest for the management of CAIPs in support of their operationalisation.

Each County will receive Ksh. 62.5 million under tranche one. Soon, my Ministry in consultation with the Council of Governors and county-based implementation organs will issue an expression of interest for the management of CAIPs in support of their operationalisation.” Noted CS Miano.

She added that the CAIPs will spur economic growth in the counties and rekindle the momentum of one of Kenya’s most revolutionary post-independent pro-people Projects.

CS Miano said the establishment of CAIPs was borne of the realisation that each of Kenya’s 47 counties has a competitive edge whose fuller economic dividend can only accrue if the focus is on the grassroots. 

In line with the Kenya Kwanza Plan administration, that aims at delivering economic turnaround and uplifting the lives, CS Miano says to achieve that goal, the Ministry of Trade is targeting to raise the contribution of manufacturing to Kenya’s GDP from the current 7pc to 15pc by 2027 and to 20pc by 2030 while increasing exports from 10pc of the GDP to 30pc by the year 2025. 

The main objective of CAIPs she says is to grow manufacturing and agro-industrial investments and enhance the competitiveness of the agriculture sector in a sustainable manner hence creating inclusive and decent jobs, promote productivity at the farm level, increase farmers’ income, increase export, increase foreign exchange and ultimately grow Kenya’s economy by providing a platform for stakeholders’ engagement in promoting industrialisation in the country.

 

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