In spite of having featured as one of the four thematic development pillars for Kenya over the medium, manufacturing has been seen by many observers to have the greatest opportunity but somehow still has a lot to be achieved, as we approach the end of the goal in 2022.
To many, the dream to turn manufacturing to a propeller of economic robustness has been fading as the pandemic and economic challenges affect the local industries.
For instance, data from the 2020 Economic Survey indicates growth for the sector across 2019 fell to 3.2 percent from a higher growth rate of 4.8 percent from resulting constrained supply to inputs and costs continue to be high in a very competitive market across the continent.
The private sector and government’s goal of lifting the contribution of the sector to 15 percent of gross domestic product (GDP) by 2022 and create an estimated over 800,000 jobs on an annual basis needs a major shot into the arm of the industries and economy.
To many, the dream to turn manufacturing to a propeller of economic robustness has been fading as the pandemic and economic challenges affect the local industries.
For instance, data from the 2020 Economic Survey indicates growth for the sector across 2019 fell to 3.2 percent from a higher growth rate of 4.8 percent from resulting constrained supply to inputs and costs continue to be high in a very competitive market across the continent.
The private sector and government’s goal of lifting the contribution of the sector to 15 percent of gross domestic product (GDP) by 2022 and create an estimated over 800,000 jobs on an annual basis needs a major shot into the arm of the industries and economy.