Kenya Association of Manufacturers (KAM) led by Chair, Mr Mucai Kunyiha, engaged the Kenya Kwanza Alliance team led by Dr William Ruto on the Manufacturing Manifesto.
Speaking during the meeting, Kenya Kwanza Alliance Leader Dr William Ruto committed to put in place programmes and initiatives to increase the competitiveness of local industry, if elected.
“We shall be deliberate on the investments we make, by prioritizing sectors with the highest potential to create jobs. To increase Kenya’s exports, we shall finalize and implement the National Tax Policy and increase value addition in all primary exports and reducing the regulatory burden on the manufacturing sector.”
KAM Chairman Mucai Kunyiha observed that numerous regulations and the tax regime continue to hinder manufacturing competitiveness, and called for the resolution of these challenges, saying, “We urge the next national and county governments to prioritize manufacturing, in order to transform Kenya into a country with a competitive industrial base that guarantees a strong economic foundation, productive jobs and purchasing power for citizens. We shall continue with engagements even beyond elections as we strive to drive local industry to achieve global competitiveness.”
The Manufacturing Manifesto, launched earlier this year, highlights key areas which if looked into, shall drive prosperity and empower citizens economically. These include macroeconomic issues, raising the export intensity of manufacturing, reducing the regulatory burden, raising investment for industry, providing public goods for manufacturing, driving counties’ industrial competitiveness, effective and pro-industry taxation structure and fully implementing existing manufacturing-centric policies.