Home Kenya News President Uhuru Kenyatta unveils UN mechanism to stimulate manufacturing sector

President Uhuru Kenyatta unveils UN mechanism to stimulate manufacturing sector

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President Uhuru Kenyatta

The initiative dubbed Programme for Country Partnership (PCP) Starter Pack, is a model for accelerating industrial development in UNIDO member states by mobilizing resources for investment in high potential economic sectors.

The PCP, which is also successfully being rolled out in Ethiopia, Senegal and Peru, will boost Kenya’s manufacturing potential by injecting more than USD 30 billion in the sector in the next five years.

In his speech during the virtual launch of the initiative, President Kenyatta said Kenya opted for the new approach so as to accelerate inclusive and sustainable industrial development in the country.

President Uhuru Kenyatta
The potential contribution of the PCP includes an increased share of the manufacturing sector, food security and improved nutrition and increased domestic and foreign investment,” the President said.

The Head of State said Kenya will leverage on its strong market-based economy and existing institutional structures for industrial development to reap maximum benefits from the UN intervention.
Alongside accelerating Kenya’s manufacturing potential, the Director-General said PCP will grow the country’s digital economy and boost the nation’s standing as the largest economy in East Africa region.

Industrialization CS Betty Maina, UNIDO Kenya Country Representative Kawira Anne Bucyana and acting UN Resident Coordinator for Kenya Dr Medhin Tsehaiu also spoke at the virtual event attended by several senior government officers, UN bureaucrats and foreign diplomats.

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Source: kbc