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- Kenya’s government has been urged to address challenges manufacturers face amid the implementation of the Africa Continental Free Trade Area (AfCFTA)
- The government is yet to put in place mechanisms to ensure the country takes full advantage of the benefits of AfCFTA to manufacturers
- Dwindling country competitiveness and lack of product competitiveness
The government of Kenya has been urged to address challenges manufacturers face amid the implementation of the Africa Continental Free Trade Area (AfCFTA).
Kenya Association of Manufacturers (KAM) Acting CEO Tobias Alando noted that whereas the trade agreement provides the best opportunity to realise the regional, national and business goals, Kenya is yet to put in place mechanisms to ensure the country takes full advantage of the benefits of AfCFTA to manufacturers.
Challenges facing manufacturers in Kenya
Alando noted that the export market in Africa is expected to increase with the full implementation of AfCFTA. However, if unaddressed,
Kenyan and Tanzanian manufacturers have called for the expedited resolution of non-tariff barriers (NTBs) and the review of the East African Community Common External Tariff (EAC CET).
This was said during the trade investment forum held on Thursday, hosted by Kenya Association of Manufacturers (KAM) and Confederation of Tanzania Industries (CTI) in Dar Es Salaam, Tanzania, to discuss trade promotion between the two states.
Kenya’s exports to Tanzania declined from US$342.9 million in 2016 to US$294.9 million in 2020 while its exports to the rest of the world grew from US$5.7 billion in 2016 to 6.02 billion in 2020.
On the other hand, Tanzania’s exports to Kenya grew from US$126.2 million in 2016 to US$258.2 million in 2020, while her exports to the world grew from US$4.4 billion in 2016 to US$5.2 billion in 2020.
Speaking during the forum, the High Commissioner of Kenya to Tanzania, Dan Kazungu noted that …
The Jubilee Syringe Manufacturing (JSM) Company Limited, the largest disposable syringe factory in Africa that produces disposable syringes, made with state of the art technology, from high quality medical, has been awarded the internationally recognized ISO certifications for its conformity with industrial quality and management.
Jubilee Syringe Manufacturers was presented with the ISO 9001:2015 and ISO 13485:2016 certifications, almost four years after its inauguration in September 2017 mandated to produce syringe for single use hypodermic and sterile disposable syringes.
Jubilee Syringe which is the largest disposable syringe factory in Africa was established in 2017 through the vision of Governor Udom Emmanuel’s led administration. The Company which has since commenced operation is producing three types of disposable syringes (2ml, 5ml, and 10ml).
This disposable syringes whose raw materials are produced by Nigerian Petrochemical companies come handy with the …
Uganda’s Standard Chartered Bank organized a Manufacturers’ Business Forum for over 150 manufacturers’ and various stakeholders with the purpose of providing a platform for market players to share progressive insights, network and best practices.
The forum was under the theme“Practices for Sustainable Business Growth”.
It brought together experts and leading manufacturing businesses to talk about current trends affecting Uganda’s business growth and share the latest research on important and policy-relevant topics.
Standard Chartered Bank clients got an opportunity to engage, learn, network and are empowered to expand their operating environment.
The Standard Chartered Bank Africa Strategist, Eva Wanjiku Otieno, presented the Macroeconomic & Global Geopolitical Outlook.
She emphasized on Uganda’s mixed growth outlook which is supported by public investment in infrastructure. However, she said that the business prospects would be affected by the delay of the Final Investment Decision (FID) and upcoming elections.