Browsing: industry

Kenya has announced plans to revive small industries across the country, in a bid to spur value addition and market access for targeted products through projects led by the youth.

The Trade, Industrialization and Enterprise Development Principal Secretary Kirimi Kaberia said the ministry has completed mapping out villages and their unique products countrywide, according to Business Daily.

According to the PS, the Ministry is looking to attract more youth into manufacturing through cottage industries.

Kaberia said the government’s plan is to have functional industries in the next 12 months through transfer of resources in the rural areas.

“We want to have an environment where local people consume what they produce,” he said.

The plan, dubbed ‘one village, one product’, is part of Kenya’s Vision 2030.
Why Kenya’s manufacturing is uncompetitive

It is also part of the government’s plan of growing the contribution of the countries manufacturing to GDP from 11 …

Tanzania Investment Centre (TIC) highlights that the East African fastest growing economy (at 7 per cent rate) keeps soaring as it has seized the golden opportunity to attract viable investments across energy, industrial, construction and services sectors.

With the Gross Domestic Product (GDP) growth at 6.6 per cent, investment in Tanzania remains to be the top-selling point. (https://www.air-inc.com/

On October 28, TIC presented rather crucial numbers to the members of the press, showcasing various strides made by the most vital, development parastatal in the country.

According to TIC, over the past 9 months, —227 investment projects have been registered worth over $ 1.7 million.

Further, the projects register fell under the—industrial sector which is anticipated to attract almost 38,836 jobs for Tanzania.

In that context, Bank of Tanzania (BoT), quarterly report (June 2019) indicated that construction, agriculture and transport and storage were among, the top contributors to economic growth.…