President Uhuru Kenyatta on Tuesday, during his inauguration, outlined an array of strategic policies that will push the manufacturing sector’s contribution to GDP from the current 9 to 15 percent. [Photo: PSCU]
Manufacturers in Kenya are calling on the government to ensure the local content law is implemented to increase uptake of locally made goods and services.
This comes amid the increase in counterfeited goods and intellectual property theft that has threatened to derail Kenya’s plans to grow the manufacturing sector to the gross domestic product from the current nine to 15 percent output in five years.
The Anti-Counterfeit Agency has this year alone nabbed contraband worth 1.7 billion shillings.
President Uhuru Kenyatta on Tuesday outlined an array of strategic policies that will push the manufacturing sector’s contribution to GDP from the current 9% to 15%.
Among them, was a reduction of power tariff by half for firms that operate at between 10 pm and 6 am.
The Anti-Counterfeit Agency is calling for a joint coordination at the points of entry into Kenya and stiffer penalties to arrest the increasing cases of fake goods.
Manufacturers are calling on the state to firmly apply the 30% local content regime, especially among government agencies.