The Weekly Pulse | 28th February 2020
KAM Launches Manufacturing Priority Agenda (MPA) 2020
Kenya Association of Manufacturers (KAM) launched the Manufacturing Priority Agenda (MPA) 2020. The MPA highlights immediate action plans to establish a competitive manufacturing-led economy for job and wealth creation.
The event was attended by Interior CS Dr Fred Matiangi, EAC PS Dr Kevit Desai and Parliamentary Committee for Industry, Trade and Committee Chair Hon Kanini Kega.
- Enabling stability of the macroeconomic environment. The National Treasury should sustain the ongoing fiscal consolidation measures and ensure that the fiscal deficit is reduced to 3% of GDP in the 2022/23 financial year.
- Enhancing the competitiveness of locally manufactured goods. For example by reviewing SGR Freight tariff rates to make them competitive. The sector is currently at a 12.8% cost disadvantage on most goods compared to our neighbouring countries. Last-mile costs need to be reviewed as they are a key factor in the increase of overall operational costs for businesses.
- Developing a pro-industry policy and institutional framework. The design of coherent and cohesive policies is key, between Government departments and also between the National Government and Counties. This will enhance effective and transparent policy execution
- Enhancing market access. Kenya needs to push for the finalization of the amendments on the NTB Act, advocate for ratification of TFTA by member states and fast track the finalization of an optimal EAC CET structure that will promote value addition and industrialization.
KAM engages CS ICT
KAM engaged Cabinet Secretary for Information, Communications and Technology, Joe Mucheru on ways that Industry can take advantage of digital platforms.
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