Trade PS: Kenya’s GDP to hit 10pc mark by 2030

By KBC Reporter/KNA

The country’s Gross Domestic Product (GDP) is projected grow to 10 percent by the year 2030 following adequate measures taken by the government to boost economic growth and human development.

The Principal Secretary, State Department for Trade Dr. Chris Kiptoo says these measures include supporting and enhancing Small and Medium Enterprises (SMEs).

”In order to enhance competitiveness in Africa as well as promote economic development, it is critical for Kenya to develop small and medium sized enterprises and boost human resource development. This will result in the expansion of employment opportunity,” the PS said.

Kiptoo said this Wednesday in Nairobi during the Pre-TICAD VI Seminar dubbed Promoting Industrial Development in Kenya through application of Japanese excellence which will be held in Nairobi as from 26th to 28th this month.

Japan International Cooperation Agency (JICA) in Kenya Chief Representative Keiko Sano called on the Kenyan government to enhance its human resource capabilities in manufacturing SMEs in order to achieve its Vision 2030.

”This will go a long way in improving productivity and competitiveness of Kenya alongside cementing linkages between the Japanese and Kenyan companies thus promoting foreign direct investment,” Sano said.

The PS said the Kenyan government has requested the Japanese government for technical transfer of the philosophy and tools in management excellence accumulated in Japan over time.

The JICA-KIBIT project on human resource development started in September 2015, for enhancing management capabilities of SMEs through capacity development of Kenya Institute of Business Training lectures.

”It is my hope that the improved consultancy service at KIBIT Master Trainers in the three fields of production and quality management, marketing and sales alongside financial management shall create a great impact in industrial human resource development in Kenya,” Kiptoo said.

The seminar seeks to promote Industrial Development in Kenya by exposing the participants to best practices on Japanese management excellence applied in selected Kenyan pilot enterprises under the Project on Human Resource Development for industrial which is being supported by JICA.

  

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