According to the 2021-22 Budget presented by National Treasury Cabinet Secretary Ukur Yatani yesterday, the government has set aside Sh20.5 billion for the promotion of local industries through various ministries. Others that have received cash injections include the Naivasha Industrial Park, Kisumu SEZ in Miwani, Naivasha Textile Park and Athi River Textile Hub. “The industry has responded positively to these interventions and to date, we have approved 13 motor vehicle and 17 motorcycle assemblers,” he said. “The government is working on a framework to support the assembly of affordable passenger vehicles,” he said. “We have developed sufficient capacity for local manufacturing in the metal and allied subsection but the local manufacturers in this sector continue to face stiff competition from cheaper imports,” Yatani said.

Source: Standard Digital June 10, 2021 16:15 UTC