{"id":4391,"date":"2023-05-02T10:40:09","date_gmt":"2023-05-02T10:40:09","guid":{"rendered":"https:\/\/horizonnews.co.ke\/?p=4391"},"modified":"2023-05-02T10:40:11","modified_gmt":"2023-05-02T10:40:11","slug":"the-govt-to-establish-industrialization-fund-to-spur-manufacturing-dr-mukhwana","status":"publish","type":"post","link":"https:\/\/horizonnews.co.ke\/?p=4391","title":{"rendered":"The Gov&#8217;t To Establish Industrialization Fund To Spur Manufacturing &#8211; Dr.Mukhwana"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>By Horizon News Reporter<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Government through the ministry of investment, trade and Industry is in the process of Establishing an Industrialization and export promotion fund.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"894\" height=\"1024\" src=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682596942642-894x1024.jpg\" alt=\"\" class=\"wp-image-4354\" srcset=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682596942642-894x1024.jpg 894w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682596942642-262x300.jpg 262w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682596942642-768x880.jpg 768w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682596942642-696x797.jpg 696w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682596942642-1068x1223.jpg 1068w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682596942642.jpg 1079w\" sizes=\"auto, (max-width: 894px) 100vw, 894px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Dr.Juma Mukhwana<\/strong> <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fund which will initially be established from funds taxed on imports, will also receive funding from the exchequer and development partners.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"480\" height=\"591\" src=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/05\/FB_IMG_1683023667703.jpg\" alt=\"\" class=\"wp-image-4392\" srcset=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/05\/FB_IMG_1683023667703.jpg 480w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/05\/FB_IMG_1683023667703-244x300.jpg 244w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/05\/FB_IMG_1683023667703-324x400.jpg 324w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Addressing stakeholders in Nairobi, the permanent secretary state department of industry Dr.Juma Mukhwana said that already the ministry through the State department of industry (SDI) has completed a public participation exercise to establish the export promotion levy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;The levy will be imposed on imported finished products that the county is able to manufacture,&#8221; he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597007089-1024x682.jpg\" alt=\"\" class=\"wp-image-4355\" srcset=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597007089-1024x682.jpg 1024w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597007089-300x200.jpg 300w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597007089-768x512.jpg 768w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597007089-696x464.jpg 696w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597007089-1068x711.jpg 1068w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597007089.jpg 1081w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dr.Mukhwana pointed out that every time the country imports products, it also exports jobs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"480\" height=\"481\" src=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/05\/FB_IMG_1683023670952.jpg\" alt=\"\" class=\"wp-image-4393\" srcset=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/05\/FB_IMG_1683023670952.jpg 480w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/05\/FB_IMG_1683023670952-300x300.jpg 300w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/05\/FB_IMG_1683023670952-150x150.jpg 150w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He added that it is time the country protected itself from cheap and sometimes counterfeit products in order to support local manufacturing and youth employment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The PS lamented that the country has become a dumping ground for items in that can be made locally by lowering the cost of manufacturing, he said that plans are underway to lower the cost of electricity for manufacturing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"480\" height=\"594\" src=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/05\/FB_IMG_1683023661375.jpg\" alt=\"\" class=\"wp-image-4394\" srcset=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/05\/FB_IMG_1683023661375.jpg 480w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/05\/FB_IMG_1683023661375-242x300.jpg 242w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/05\/FB_IMG_1683023661375-324x400.jpg 324w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;In order to make the country competitive regionally, the country is working around the clock to improve it&#8217;s competitiveness in manufacturing,&#8221; he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"920\" height=\"1024\" src=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597093874-920x1024.jpg\" alt=\"\" class=\"wp-image-4356\" srcset=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597093874-920x1024.jpg 920w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597093874-270x300.jpg 270w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597093874-768x855.jpg 768w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597093874-696x775.jpg 696w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597093874-1068x1189.jpg 1068w, https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/04\/FB_IMG_1682597093874.jpg 1079w\" sizes=\"auto, (max-width: 920px) 100vw, 920px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He pointed out that Kenya is gearing up to become a landing pad in to East Africa and Africa in to support African -wide free trade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Horizon News Reporter The Government through the ministry of investment, trade and Industry is in the process of Establishing an Industrialization and export promotion fund. Dr.Juma Mukhwana The fund which will initially be established from funds taxed on imports, will also receive funding from the exchequer and development partners. Addressing stakeholders in Nairobi, the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-4391","post","type-post","status-publish","format-standard","has-post-thumbnail","category-governance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Gov&#039;t To Establish Industrialization Fund To Spur Manufacturing - Dr.Mukhwana - Horizon News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/horizonnews.co.ke\/?p=4391\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Gov&#039;t To Establish Industrialization Fund To Spur Manufacturing - Dr.Mukhwana - Horizon News\" \/>\n<meta property=\"og:description\" content=\"By Horizon News Reporter The Government through the ministry of investment, trade and Industry is in the process of Establishing an Industrialization and export promotion fund. 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Dr.Juma Mukhwana The fund which will initially be established from funds taxed on imports, will also receive funding from the exchequer and development partners. 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