Kenyan manufacturers to increase production to tap into Africa’s free trade deal

November 18, 2020 XinhuaNet 0 Comments

Kenyan manufacturers are preparing to increase production in order to tap into African Continental Free Trade Agreement (AfCFTA) which kicks off from Jan. 1, 2021, a senior government official said on Monday.

Betty Maina, cabinet secretary, ministry of industrialization, trade, and enterprise development told journalists in Nairobi that Kenya is targeting to supply the continent with goods and services that are currently imported from outside Africa.

“Our manufacturers are preparing to ramp up production in agro-processing industries to take advantage of liberalized trade in Africa,” Maina said.

She added that Kenya is prioritizing the African market because it absorbs most of the country’s processed exports.

Maina noted that through concentrating on value-added exports, the country will achieve its target of growing the manufacturing sector share of gross domestic product (GDP) to 15 percent from the current 8.4 percent by 2022. Read More.

Leave a Reply:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.