Browsing: Kenya’s development

 

Lack of prioritization and ineffective implementation of policies have been cited for gravely impacting Kenya’s manufacturing sector.

This came up during the high- level Manufacturer’s economic forum, organized by Kenya Association of Manufacturers, in Nairobi.

According to a statement from the Kenya Association of Manufacturers (KAM) , the forum which consisted of representatives from Academia, Government, Economic Think-Tanks and Industrialists, cited Kenya’s declining competitiveness in the region as a consequence of little or no implementation of existing policies, as well as, a consistent disruption of well-intentioned development programmes by each election cycle.

According to the KAM Chair Mr Sachen Gudka, Kenya’s manufacturing sector’s contribution to the GDP has averaged 10 per cent and has been on a declining trend, contributing 8.4 per cent to the GDP in 2017 and 7.7 per cent in 2018.

Manufacturing-led growth attributed to good policy implementation.

“Industrialised countries have experienced an average GDP growth …