Message from Cabinet Secretary, Ministry of Industry, Trade and Cooperatives
Hon. Peter Munya, MGH
Cabinet Secretary, Ministry of Industry, Trade and Cooperatives
Today marks an important milestone towards the ongoing digitizing and transformation initiatives for Kenya’s global competitiveness. The Ministry, with support from credit from the World Bank is launching the Kenya Industry and Entrepreneurship Project (KIEP). The project aims to increase innovation and productivity in select private sector firms.
Kenya’s long term development agenda, the Kenya Vision 2030 envisages the country becoming a newly industrialized, high middle income country by the year 2030. Manufacturing was therefore identified as a key priority area both by the Vision and Big Four transformational agenda. My Ministry is charged with the responsibility of spearheading growth and development of manufacturing sector in line with Big Four Agenda targets. The Micro, Small and Medium Enterprises (MSMEs) are considered the ‘bedrock’ of Kenya’s manufacturing base hence need to promote, incubate and nurture new enterprises including innovative startups. These startups, are increasingly changing and disrupting the traditional way of doing business and operate within an emerging innovation ecosystem.
KIEP seeks to strengthen this innovation ecosystem, as part of implementation of the Kenya Industrial Transformation Program to create more jobs for youth. The project will also create a startup – Industry platform to create linkages between startups, traditional industries and international networks. The project will also aid SMEs in improving their managerial and technical capabilities in order to better compete at both local and international markets.
The Government has invested heavily in ICT infrastructure, the media supporting these new MSMEs. In enhancing the business environment, Government services are being re-engineered, automated and simplified. These initiatives have been recognized globally with the recent one being ranked the best in Africa and the 52nd globally out of 194 countries in the Government Artificial Intelligence (AI) Readiness Index 2019. This Index is compiled by Oxford Insights and the International Development Research Centre. AI technologies are forecast to add US$ 15 trillion to the global economy by 2030.
Through this launch today, the Ministry wishes to reach all potential beneficiaries to create awareness on the project objects and goals. Together, lets grow our MSME Sector and modernize the manufacturing sector.
Message by the Principal Secretary for Industrialization, Ministry of Industry, Trade and Co-operatives
Betty C. Maina
CBS Principal Secretary for Industrialization, Ministry of Industry, Trade and Co-operatives
Today marks an important milestone towards the ongoing digitizing and transformation initiatives for Kenya’s global competitiveness. The Ministry, with support from credit from the World Bank is launching the Kenya Industry and Entrepreneurship Project (KIEP). The project aims to increase innovation and productivity in select private sector firms.
Kenya’s long term development agenda, the Kenya Vision 2030 envisages the country becoming a newly industrialized, high middle income country by the year 2030. Manufacturing was therefore identified as a key priority area both by the Vision and Big Four transformational agenda. My Ministry is charged with the responsibility of spearheading growth and development of manufacturing sector in line with Big Four Agenda targets. The Micro, Small and Medium Enterprises (MSMEs) are considered the ‘bedrock’ of Kenya’s manufacturing base hence need to promote, incubate and nurture new enterprises including innovative startups. These startups, are increasingly changing and disrupting the traditional way of doing business and operate within an emerging innovation ecosystem.
KIEP seeks to strengthen this innovation ecosystem, as part of implementation of the Kenya Industrial Transformation Program to create more jobs for youth. The project will also create a startup – Industry platform to create linkages between startups, traditional industries and international networks. The project will also aid SMEs in improving their managerial and technical capabilities in order to better compete at both local and international markets.
The Government has invested heavily in ICT infrastructure, the media supporting these new MSMEs. In enhancing the business environment, Government services are being re-engineered, automated and simplified. These initiatives have been recognized globally with the recent one being ranked the best in Africa and the 52nd globally out of 194 countries in the Government Artificial Intelligence (AI) Readiness Index 2019. This Index is compiled by Oxford Insights and the International Development Research Centre. AI technologies are forecast to add US$ 15 trillion to the global economy by 2030.
Through this launch today, the Ministry wishes to reach all potential beneficiaries to create awareness on the project objects and goals. Together, lets grow our MSME Sector and modernize the manufacturing sector.