Trade Ministry Releases Ksh. 1.125 Billion For County Aggregation And Industrial Parks

The Ministry of Investments, Trade and Industry has today announced the release of Ksh. 1.125 billion for the ongoing phase one of the County Aggregation and Industrial Parks, popularly referred to as CAIPs by the National Government.
Cabinet Secretary Rebecca Miano in a statement said each county will receive Ksh. 62.5 million under tranche one stating that the funds will spur economic growth and development in the counties and rekindle the momentum of one of Kenya’s most revolutionary post-independent pro-people projects.
CS Miano said the initiative is aimed at delivering economic turnaround and uplifting the lives and livelihoods of those at the bottom of the socio-economic pyramid through the Bottom-up Economic Transformation Agenda (BETA).
“To achieve this, my ministry targets to raise the contribution of manufacturing to our GDP from the current 7% to 15% by 2027 and to 20% by 2030 while increasing exports from 10% of the GDP to 30% by the year 2025”, CS explained.
The CS said her ministry, through the State Department for Industry, County Governments, and the Council of Governors had agreed to collaborate in the establishment of CAIPS.
“The main objective of CAIPs is to grow manufacturing and agro-industrial investments and enhance the competitiveness of the agriculture sector in a sustainable manner hence creating inclusive and decent jobs, promoting productivity at the farm level, increasing farmers’ income, increasing export, increasing foreign exchange and ultimately grow our economy by providing a platform for stakeholders’ engagement in promoting industrialization in the country”, she explained.
The CS said the establishment of CAIPs followed the realization that each of Kenya’s 47 counties had a competitive edge whose fuller economic dividend would only grow if the focus was at the grassroots levels. “We will consult the Council of Governors and county-based implementation organs and issue an expression of interest for the management of CAIPs in support of their operationalization”, she added.
In the 2023/2024 financial year, the two levels of Government are implementing CAIPs in Migori, Mombasa, Busia, Meru, Bungoma, Kirinyaga, Homa Bay, Machakos, Siaya, Kiambu, Murang’a, Trans Nzoia, Embu, Uasin-Gishu, Nandi, Nakuru and Garissa Counties.
Read Also: Trade Ministry Launches Centre To Help SMEs Do Business Easily
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
- January 2025 (119)
- February 2025 (120)
- January 2024 (238)
- February 2024 (227)
- March 2024 (190)
- April 2024 (133)
- May 2024 (157)
- June 2024 (145)
- July 2024 (136)
- August 2024 (154)
- September 2024 (212)
- October 2024 (255)
- November 2024 (196)
- December 2024 (143)
- January 2023 (182)
- February 2023 (203)
- March 2023 (322)
- April 2023 (298)
- May 2023 (268)
- June 2023 (214)
- July 2023 (212)
- August 2023 (257)
- September 2023 (237)
- October 2023 (264)
- November 2023 (286)
- December 2023 (177)
- January 2022 (293)
- February 2022 (329)
- March 2022 (358)
- April 2022 (292)
- May 2022 (271)
- June 2022 (232)
- July 2022 (278)
- August 2022 (253)
- September 2022 (246)
- October 2022 (196)
- November 2022 (232)
- December 2022 (167)
- January 2021 (182)
- February 2021 (227)
- March 2021 (325)
- April 2021 (259)
- May 2021 (285)
- June 2021 (272)
- July 2021 (277)
- August 2021 (232)
- September 2021 (271)
- October 2021 (304)
- November 2021 (364)
- December 2021 (249)
- January 2020 (272)
- February 2020 (310)
- March 2020 (390)
- April 2020 (321)
- May 2020 (335)
- June 2020 (327)
- July 2020 (333)
- August 2020 (276)
- September 2020 (214)
- October 2020 (233)
- November 2020 (242)
- December 2020 (187)
- January 2019 (251)
- February 2019 (215)
- March 2019 (283)
- April 2019 (254)
- May 2019 (269)
- June 2019 (249)
- July 2019 (335)
- August 2019 (293)
- September 2019 (306)
- October 2019 (313)
- November 2019 (362)
- December 2019 (318)
- January 2018 (291)
- February 2018 (213)
- March 2018 (275)
- April 2018 (223)
- May 2018 (235)
- June 2018 (176)
- July 2018 (256)
- August 2018 (247)
- September 2018 (255)
- October 2018 (282)
- November 2018 (282)
- December 2018 (184)
- January 2017 (183)
- February 2017 (194)
- March 2017 (207)
- April 2017 (104)
- May 2017 (169)
- June 2017 (205)
- July 2017 (189)
- August 2017 (195)
- September 2017 (186)
- October 2017 (235)
- November 2017 (253)
- December 2017 (266)
- January 2016 (164)
- February 2016 (165)
- March 2016 (189)
- April 2016 (143)
- May 2016 (245)
- June 2016 (182)
- July 2016 (271)
- August 2016 (247)
- September 2016 (233)
- October 2016 (191)
- November 2016 (243)
- December 2016 (153)
- January 2015 (1)
- February 2015 (4)
- March 2015 (164)
- April 2015 (107)
- May 2015 (116)
- June 2015 (119)
- July 2015 (145)
- August 2015 (157)
- September 2015 (186)
- October 2015 (169)
- November 2015 (173)
- December 2015 (205)
- March 2014 (2)
- March 2013 (10)
- June 2013 (1)
- March 2012 (7)
- April 2012 (15)
- May 2012 (1)
- July 2012 (1)
- August 2012 (4)
- October 2012 (2)
- November 2012 (2)
- December 2012 (1)