Salim Mvurya Pledges Changes Ministry of Trade, Investment and Industry

The Appointed Investments, Trade and Industry Cabinet Secretary Salim Mvurya has committed to resolving challenges that have contributed towards the turndown of manufacturing over the last decade.

The promises were made during the handing over ceremony which was witnessed by three Principal Secretaries in the Ministry: Dr Juma Mukhwana (Industry); Abubakar Hassan (Investment), and Dr Alfred K’Ombudo (Trade).

The Cabinet Minister, who officially took over from the outgoing CS Rebecca Miano, promised to provide stewardship and guaranteed acceleration in the manufacturing sector besides bringing new investors.

“In April, President William Ruto said the government is rolling out incentives to attract investors to the manufacturing sector.
The President said the goal is to grow the country’s manufacturing sector to an ambitious 20 percent of our GDP by 2030.
Kenya will continue to open new markets for local products abroad and at the same time facilitate the private sector to take advantage of these markets to increase exports,” Said Salim Mvurya Cabinet Secretary Investments, Trade and Industry.

CS Mvurya further observed that strategic investment in manufacturing will increase exports, create employment opportunities, boost economic activity using local resources, and generate attractive returns for investors.
Kenya must take advantage of the opportunities provided by the Africa Continental Free Trade Area Agreement, which has created a vast market for the country’s exports.

Kenya has a large manufacturing sector serving both the local market and exports to the East African region.
The sector is dominated by subsidiaries of multinational corporations. There is also a need to encourage the local investors and business people to join the trade Sector.