150 Kenyan Manufacturers Launch Festival on Local Content at Kasarani

By Soko Directory Team / April 4, 2019




Kenya Association of Manufacturers (KAM) and the Ministry of Industry, Trade, and Cooperatives have kicked off one the Biggest Shopping Festival in Kenya.

The 3rd Kenya Manufacturing Summit and Expo 2019, dubbed Changamka Shopping Festival, is an opportunity for industry, stakeholders and the public to celebrate and deliberate on transforming the nation through industrialization. It is also a platform to showcase the diversity of locally manufactured innovations and goods.

Speaking at the opening ceremony, Ministry of Trade, Industry and Cooperatives Cabinet Secretary, Mr. Peter Munya said that the Government is committed to supporting the private sector to increase investments and exports, adding that the Government is ready to collaborate with local manufacturers to increase competitiveness and value addition.

This Festival provides opportunities to discuss thematic areas including financing, export development and promotion and the vital role of the county governments in promoting the sector. The Government is committed to addressing the challenges hampering the growth of the sector through policy interventions such as Buy Kenya Build Kenya and Local Content Policies. We are also collaborating with financial institutions towards creating a framework that will ensure that the private sector lends to SMEs,” added CS Munya.

Also at the event, KAM Chair Mr. Sachen Gudka reiterated the Cabinet Secretary’s statement. He noted that in order to achieve the Big Four Agenda, stakeholders must be deliberate in their drive to achieve the industrialization agenda, adding that manufacturing-led growth is achievable in Kenya, as the sector diversifies through transformative technologies to increase productivity and establish new frontiers for new jobs.

Our ambition to grow the sector’s contribution to 15% of GDP translates to a change in strategy as a country. Policymakers must hear our voices and actions to strengthen manufacturing and our nation’s future, to give us the tools we need to compete in the 21st-century economy and to make our tomorrow better than our today.

Small manufacturers and businesses are the backbones of our industry and the economy. In fact, 63% of our Association’s membership are manufacturing SMEs. As part of our initiatives to promote SMEs, we will be launching an SME Hub within the Association that will focus on offering a bouquet of services and products aimed at incubators, accelerators, and scale for manufacturing SMEs,” added Mr. Gudka.

Brand Kenya Board Chairman, Mr. Linus Gitahi noted that the Festival is an opportunity for Kenyans to take pride in locally made products.

I call upon all Kenyans, both in the Capital and in the Counties, to join in this celebration. It is important that we take pride in Made in Kenya Products that carry the Kenyan Brand across the world. This Festival is not just about producing locally, but also about a country that has a solid base,” concluded Mr. Gitahi.

The 4-day Shopping Festival is set to host over 100,000 participants from all sectors across the 47 counties. It will consist of exhibitions, summits, a fashion show, product launches and a family fun day.

There will also be entertainment from renowned Kenyan musicians, Nameless, Juacali, and King Kaka.



About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

View other posts by Soko Directory Team


More Articles From This Author








Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2019
  • January 2019 (256)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (252)
  • July 2019 (340)
  • August 2019 (170)
  • 2018
  • January 2018 (291)
  • February 2018 (219)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (238)
  • June 2018 (178)
  • July 2018 (257)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (187)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (249)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (109)
  • May 2015 (117)
  • June 2015 (121)
  • July 2015 (150)
  • August 2015 (157)
  • September 2015 (189)
  • October 2015 (170)
  • November 2015 (174)
  • December 2015 (208)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950