President Uhuru Kenyatta on Monday said his government seeks to
position Kenya as the continent's manufucturing and technology hub.
President Uhuru Kenyatta |
He added that there is also a deliberate effort by his administration
to make the country the preferred gateway to Africa for foreign
investors and a home to a thriving army of local entrepreneurs.
"In this regard, Kenya wants to be among the first movers in Africa
by creating an enabling environment to attract investment," he said.
Uhuru spoke on Monday evening when he official opened the Origin of
Africa event that focused on showcasing Africa's textile industry. The
event attracted nearly 300 investors from 32 African countries including
partner states of the East African Community.
Uhuru said Kenya needs to attract more investments and take full
advantage of growing demand of manufactured goods, including garments.
"These are in line with the aims of the 'Kenya Vision 2030' which
seek to transform Kenya into an upper middle income economy driven by
industrialization," he said.
To lower the cost of doing business, the President said the
Government has put in place an elaborate programme to make Kenya's
business sector more productive and globally competitive.
"Some of the initiatives include the 40-month programme to inject
over 5000MW of electricity into the National Grid; reduce the cost of
power by over 40% by end of this calendar year; fast track the Standard
Gauge Railway (SGR) project and the 10,000km road infrastructure through
an innovative financing model," Uhuru said.
He said the textile and clothing sector - with a potential to create
200,000 jobs in the next 24 month - is one of the key priority areas
which the Government has targeted for job creation.
The President emphasized that Kenyans must take advantage of the
global market through AGOA, the EU and other emerging markets to
aggressively grow the textiles sector.
"My Government is at the forefront in championing for this sector.
Just two days ago, we opened a new apparel factory in Mombasa that will
create nearly 10,000 jobs for our youth and women," the President said.
He expressed confidence that the measures being put in place will
make Kenya and the entire East African Region, a compelling investment
destination for textile and apparel sector.
Outlining the country's achievements, he said that over the last one
year Kenya did well and now holds the first position as sub-Saharan
Africa's largest apparel exporter to the USA under African Growth and
Opportunity Act (AGOA) having exported 83 million pieces valued at US$
336 million.
Uhuru further said that the Government has put emphasis in
revitalizing of the Cotton Textile Apparels sub-sector and will spare no
efforts in addressing the concerns facing companies in the sector.
"Some of these include cotton production, inadequate industrial
space, high energy costs, logistical challenges and others that I am
confident to inform you considerable progress has made to address them,"
he said.
Speaking during the occasion, United States Ambassador to Kenya
Robert Godec announced the launch of a US $65 million trade hub project
in Kenya through the Trade Africa Initiative.
He said choice of Kenya for the project was driven by Kenya's
position as a regional leader with speed implementation of conducive
trade policies. First Lady Margaret Kenyatta launched the fashion show.
The fashion show attracted designers from seven countries which
included Kenya, Uganda, Tanzania, Rwanda, Burundi, Ethiopia and
Mauritius.
Emerging designers who showcased in the fabulous fashion show
included Muhoho Kenyatta, (Nomadic designs), Firyal Nur Al Hossain (Nur
designs), Wendy Awour (Wendy Awour designs) and Stephen Kamau (KIMCHI
designs). Also present were the Ethiopian First Lady Roman Tesfaye and
the Industrialization and Enterprise Development Cabinet Secretary Adan
Mohamed.
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