Uhuru policies get business thumbs up

April 17, 2013
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The President said the growth, from the current 4.5 percent will be delivered if the right combination of policies and determination are pursued/CFM
The President said the growth, from the current 4.5 percent will be delivered if the right combination of policies and determination are pursued/CFM
NAIROBI, Kenya, Apr 17 – The Kenya Association of Manufacturers (KAM) has welcomed President Uhuru Kenyatta’s pledge to implement reforms that will boost growth in the manufacturing sector.

The association’s Chief Executive Betty Maina said the statement by President Kenyatta while opening the Eleventh Parliament on Tuesday was encouraging especially on improving the business climate.

“It is quite pleasing to note that the President structured his speech in a way that shows that we are ready for double digit growth in our economy,” she said.

The President said the growth, from the current 4.5 percent will be delivered if the right combination of policies and determination are pursued.

The Head of State said the growth will be achieved through investing more on value addition where most of the key products will be manufactured in the country to reduce their costs.

The industry has always called for improvements in the infrastructure as well as sustainable employment creation something which KAM believes the government will address.

“The President has already given us confidence that his administration has the welfare of both the population and industry at heart and this augurs well for investment in the country which is likely to result in increased foreign direct investment,” Maina said.

She said the government is on the right path in terms of keeping the wage bill in check to ensure that more money is set aside for development projects.

“We hope that we will start seeing a new direction in terms of remuneration whereby wages will be based on productivity and not the perennial ceremonial wage increases,” she said.

She has also insisted that education remains a key priority in supporting industry growth and capacity utilization for improved production.

The government has promised to ensure over 10 million Kenyans are lifted out of poverty by 2017.

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