KAM CEO’s Brief | April 7, 2017
Chandaria Industries Take Top Spot in Energy Management Awards
Kenya Association of Manufacturers recognized over 20 organizations that have proved their prowess in energy efficiency and conservation at the 13th Annual Energy Management Awards (EMA) Gala Dinner held on 31st March 2017.
UN Resident Coordinator and UNDP Kenya Representative, Mr. Siddharth Chatterjee said that industry is one of the most important pillars of economic and social development and it is therefore important to support and encourage energy management. “Organizations that have policies for energy efficiency experience benefits such as reduced peak power demand, saved energy costs and, importantly, improved industry competitiveness. Industry could be a big part of the solution for sustainable development in line with the Sustainable Development Goals,” said Mr Chartterjee.
For more information contact: ema@kam.co.ke
Kenya Green Bond Programme Launched
KAM participated in the launch of Kenya Green Bond programme on 31st March 2017 in Nairobi.
Through the partnership and funding from FSD Africa, a technical support programme will be implemented to enable partners develop a pipeline of potential bond issuers and support demonstration green bond issuance from leading banks and corporates in Kenya.
In addition, it will enable the development of a community of Kenyan-based licensed verifiers and support KBA’s efforts in building capacity locally to catalyze similar programmes across East Africa.
The programme will be coordinated by KBA under its Sustainable Finance Initiative (SFI), is endorsed by the Central Bank of Kenya (CBK), Capital Markets Authority (CMA) and the National Treasury.
Sustainable Energy Expo kicks off, Promoting Energy Efficiency
Kenya Association of Manufacturers (KAM) together with Ministry of Energy and Petroleum officially opened the Sustainable Energy Expo on 29th March 2017 which featured energy efficiency technologies used by local companies.
The three-day Sustainable Energy Expo showcased new innovations and processes for energy efficiency whilst explore ways of financing manufacturers towards a green economy.
Energy PS, Eng. Joseph Njoroge noted that the Government is keen on supporting industry in its efforts towards energy efficiency and conservation helping to reduce the amount of carbon emissions, avert climate change effects and achieve Kenya’s vision 2030 goals on energy efficiency.
For more information contact: reexpo@kam.co.ke
Leather and Textile Sectors Winners in this Year’s Budget
The National Treasury Cabinet Secretary, Mr. Henry Rotich announced the government’s keenness to grow the leather and textile sector by allocating Ksh 1.6 billion for the leather industrial park development and textile development on 30th March 2017 during the National budget reading.
An additional 450 Million has been set aside revamp of Rivertex, which was once Kenya’s textile powerhouse. This is good news for local manufacturers of textile because it focuses the growth of the sector to meet the local demand for affordable and quality clothing.
The 2017- 2018 budget has also proposed other tax measures aimed at growing local industry and enhancing our competitiveness as a country. To cushion the local manufacturers of pesticides input the government has proposed to exempt this products from VAT, and to include I6 % tax on all pest control imported products.
Lamu Investment Framework launched
The Lamu Investment Framework was launched on 7th March 2017 in Nairobi. The framework is set to guide the implementation of the LAPSSET Development Corridor Programme on Lamu node within the LAPSSET corridor.
The framework aims to align stakeholders around a shared vision for Lamu in order to unlock funding and give a clear plan to deliver the socio-economic and environmental benefits linked to the LAPSSET Corridor project.
The framework plan has been developed through consultations with stakeholders with four priority projects defined to catalyze investment. This include:-
- Planning and social management framework
- Structuring and financing the SEZ
- Power and water infrastructure
- Investment and promotion Strategy
For more information contact: brendah.wawire@kam.co.ke
Global Compact Holds Second Communication in Progress Report
Global Compact Network Kenya held the second Communication On Progress (COP) Induction for members on March 30, 2017.
The COP is an annual communication to stakeholders on a company’s progress on the four issue areas of Human Rights, Labour Standards, Environment and Anti corruption.
These reports can be accessed at https://www.unglobalcompact.org
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