Budget lays industrial base for Kenya
The Ministry of Industrialization has been allocated Sh3 billion to help establish the industrial and recreational parks, and special economic zones.This will support local companies and create good conditions to attract foreign investors.
The industrialization strategy will give priority to assembly industries for vehicles, domestic appliances and computers.
The focus is also on textiles and leather in the first phase of the industrialization agenda to take advantage of the African Growth Opportunity Act (AGOA) and the global market.
Kenya has been recognized as a global leader on clean energy with more 80 percent of energy being green. It is, therefore, imperative that the economy be a green industrial hub, using cheaper and cleaner geothermal power, steam and hydro to competitively produce high quality goods for the region and the global market.
To sustain these industries, the government intends to invest in industrial and enterprise skills and identifying potential international investors for our industries.The sector has been affected by insecurity, forcing most hoteliers to scale down their operations and rendering most of the workers jobless.
To boost tourism, the government has introduced a number of measures. The first is the launch of the Tourism Recovery Taskforce, Tourism Development, and Promotion which have been allocated Sh4.5 billion for tourism promotion activities.
The task-force was charged with developing a comprehensive strategy for reviving tourism, including initiatives to improve security, develop infrastructure and shift the perception of the country in foreign markets.
The Kenya Tourist Board is set to spend Sh200 million in the recovery plan amid travel advisories from key markets among them the United States, United Kingdom, Australia and France.
The plans include a global online management campaign which will fight negative press. The Sh200 million boost for tourism will be used for a short, medium and long-term strategy, with key focus on security.
Sh3 billion has been set aside to improve infrastructure and create a tourism rapid response unit, the tourism police unit will be retained.
The Ministry of Mining is making Kenya an economic hub for metals and minerals trade, a key pillar in the realization of the Kenya Vision 2030.
The major achievements over the medium term include: the preparation of Minerals and Mining Policy and enactment of Mining Bill 2014; draft National Remote Sensing Policy; 85per cent completion of civil works of the mining laboratory; establishment of the Mineral Audit Unit and geological surveys for iron ore and coal.
During the budget review, actual expenditure for the ministry increased from Sh643 million in 2012/13 to Sh 1.2 billion in 2014/15, representing an 87 per cent growth.The ministry also mapped land use, land degradation in various counties, and conducted the installation of web GIS infrastructure and updated Geospatial databases.
The ministry is undertaking the following projects: Geological Data Bank, Mineral Certification Laboratory, Geological Mapping and Mineral Exploration and acquisition of Airborne Survey Equipment. Others are the establishment of the online transactional mining Cadaster portal, mineral audit support and resource assessment mapping monitoring. The African Mineral Development centre in levy set; geo-information infrastructure for land-based resource mapping; and a gemstone value addition centre being built
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